Several other equities analysts have also recently issued reports on the company. Credit Suisse Group reiterated an underperform rating and set a GBX 420 ($5.80) target price on shares of Royal Mail in a research report on Friday, March 16th. Deutsche Bank cut Royal Mail to a sell rating and dropped their target price for the stock from GBX 450 ($6.22) to GBX 359 ($4.96) in a research report on Friday, December 1st. Morgan Stanley boosted their target price on Royal Mail from GBX 410 ($5.66) to GBX 440 ($6.08) and gave the stock an underweight rating in a research report on Monday, February 19th. Royal Bank of Canada reiterated a sector performer rating and set a GBX 445 ($6.15) target price on shares of Royal Mail in a research report on Tuesday, December 5th. Finally, Berenberg Bank boosted their target price on Royal Mail from GBX 375 ($5.18) to GBX 415 ($5.73) and gave the stock a hold rating in a research report on Friday, December 1st. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Royal Mail currently has an average rating of Hold and a consensus target price of GBX 452.69 ($6.25).
Royal Mail (LON:RMG) opened at GBX 527.20 ($7.28) on Friday. Royal Mail has a 1 year low of GBX 367.80 ($5.08) and a 1 year high of GBX 575 ($7.94). The stock has a market capitalization of $5,230.00 and a P/E ratio of 1,464.44.
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Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.
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