Barclays Reaffirms Overweight Rating for Royal Mail (RMG)

Royal Mail (LON:RMG)‘s stock had its “overweight” rating restated by stock analysts at Barclays in a note issued to investors on Wednesday. They currently have a GBX 605 ($8.66) price objective on the stock. Barclays’ price objective suggests a potential upside of 7.31% from the company’s previous close.

Several other equities analysts also recently commented on the company. Credit Suisse Group restated an “underperform” rating and issued a GBX 420 ($6.01) price objective on shares of Royal Mail in a research report on Friday, March 16th. Morgan Stanley boosted their price objective on Royal Mail from GBX 410 ($5.87) to GBX 440 ($6.30) and gave the company an “underweight” rating in a research report on Monday, February 19th. Liberum Capital restated a “sell” rating and issued a GBX 370 ($5.30) price objective on shares of Royal Mail in a research report on Monday, January 15th. JPMorgan Chase reduced their target price on Royal Mail from GBX 535 ($7.66) to GBX 530 ($7.59) and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Finally, Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a report on Friday, January 19th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 466.15 ($6.67).

Shares of Royal Mail stock opened at GBX 563.80 ($8.07) on Wednesday. Royal Mail has a 52 week low of GBX 367.80 ($5.27) and a 52 week high of GBX 575 ($8.23).

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About Royal Mail

Royal Mail plc operates as an universal postal service provider in the United Kingdom and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.

Analyst Recommendations for Royal Mail (LON:RMG)

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