Royal Mail (LON:RMG) Rating Reaffirmed
They currently have a GBX 420.00 target price on Royal Mail (LON:RMG). The target price by Morgan Stanley would suggest a potential downside of -7.69% from the company’s current price. This has been announced in analysts note on Thursday morning.
From a total of 15 analysts covering Royal Mail Plc (LON:RMG) stock, 6 rate it a ”Buy”, 4 a “Sell”, and 6 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is GBX 625 while the lowest target price is GBX 400. The mean of all analyst targets is GBX 503.07 with a 9.43% above today’s (GBX 455) stock price. Royal Mail Plc was the topic of 26 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on December 7 with “Neutral” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 400 target share price in a report from a November 19. RBC Capital Markets maintained RMG stock in a recent report from November 26 with “Underperform” rating. Panmure Gordon maintained the rating on November 19. Panmure Gordon has a “Hold” rating and a GBX 480 price target on shares. Finally, Credit Suisse maintained the stock with “Underperform” rating in a report issued on a November 24.
Approximately 403,594 shares of stock traded hands. Royal Mail PLC (LON:RMG) has declined 5.66% since May 13, 2015 and is downtrending. It has underperformed by 3.73% the S&P500.
Royal Mail plc provides postal services. The company has a market cap of 4.50 billion GBP. The Company’s divisions include UK Parcels, International & Letters , General Logistics Systems (GLS) and Other. It has 15.82 P/E ratio. The UKPIL segment provides letter and parcel services to and from countries across the world under reciprocal arrangements with other overseas postal administrations.