Royal Mail (RMG) Earns “Sell” Rating from Liberum Capital
RMG has been the topic of a number of other research reports. Jefferies Group dropped their price objective on shares of Royal Mail from GBX 350 ($4.75) to GBX 320 ($4.34) and set an underperform rating on the stock in a report on Monday, September 18th. reissued a buy rating and issued a GBX 465 ($6.31) price objective on shares of Royal Mail in a report on Tuesday, October 10th. Morgan Stanley raised their price objective on shares of Royal Mail from GBX 385 ($5.22) to GBX 390 ($5.29) and gave the stock an underweight rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Royal Mail from GBX 535 ($7.26) to GBX 530 ($7.19) and set an overweight rating on the stock in a report on Tuesday, December 12th. Finally, Credit Suisse Group downgraded shares of Royal Mail to an underperform rating and dropped their price objective for the stock from GBX 492 ($6.67) to GBX 325 ($4.41) in a report on Tuesday, October 31st. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Royal Mail has an average rating of Hold and an average target price of GBX 424.92 ($5.76).
Shares of Royal Mail (LON:RMG) opened at GBX 467.20 ($6.34) on Monday. Royal Mail has a 12 month low of GBX 367.80 ($4.99) and a 12 month high of GBX 467.60 ($6.34). The company has a market cap of $4,620.00 and a P/E ratio of 1,297.78.
COPYRIGHT VIOLATION NOTICE: “Royal Mail (RMG) Earns “Sell” Rating from Liberum Capital” was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/royal-mail-rmg-earns-sell-rating-from-liberum-capital/1811472.html.
About Royal Mail
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.
Receive News & Ratings for Royal Mail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail and related companies with MarketBeat.com's FREE daily email newsletter.