Royal Mail PLC (RMG) Given “Underperform” Rating at Credit Suisse Group
Credit Suisse Group restated their underperform rating on shares of Royal Mail PLC (LON:RMG) in a report issued on Friday. Credit Suisse Group currently has a GBX 325 ($4.27) price target on the stock.
A number of other research analysts have also recently weighed in on the stock. Jefferies Group LLC reduced their price target on shares of Royal Mail PLC from GBX 350 ($4.60) to GBX 320 ($4.21) and set an underperform rating on the stock in a research report on Monday, September 18th. Liberum Capital reaffirmed a sell rating and set a GBX 385 ($5.06) price target on shares of Royal Mail PLC in a research report on Wednesday, September 6th. HSBC Holdings plc upgraded shares of Royal Mail PLC to a buy rating and dropped their price objective for the company from GBX 475 ($6.25) to GBX 465 ($6.12) in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co reiterated an overweight rating and set a GBX 550 ($7.23) price objective on shares of Royal Mail PLC in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Royal Mail PLC has an average rating of Hold and a consensus target price of GBX 437.78 ($5.76).
Shares of Royal Mail PLC (LON:RMG) opened at GBX 382.70 ($5.03) on Friday. Royal Mail PLC has a 12-month low of GBX 367.80 ($4.84) and a 12-month high of GBX 500.50 ($6.58).
Royal Mail PLC Company Profile
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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