Today, Royal Mail PLC (RMG) Price Target Cut to GBX 390

Today, Royal Mail PLC (RMG) Price Target Cut to GBX 390

Royal Mail PLC (LON:RMG) had its price target decreased by Jefferies Group from GBX 410 ($5.12) to GBX 390 ($4.87) in a research report sent to investors on Monday. Jefferies Group currently has a  underperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 580 ($7.25) price objective on shares of Royal Mail PLC in a research report on Friday, November 18th. Davy Research reissued a neutral rating on shares of Royal Mail PLC in a research report on Thursday, November 17th. Deutsche Bank AG reaffirmed a hold rating on shares of Royal Mail PLC in a research report on Friday, November 18th. Beaufort Securities cut shares of Royal Mail PLC to a hold rating in a research report on Friday, November 18th. Finally, Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 600 ($7.50) price target on shares of Royal Mail PLC in a research report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 472.25 ($5.90).

Shares of Royal Mail PLC (LON:RMG) opened at 454.40 on Monday. The stock’s market cap is GBX 4.54 billion. The company has a 50-day moving average of GBX 485.62 and a 200 day moving average of GBX 504.53. Royal Mail PLC has a one year low of GBX 412.80 and a one year high of GBX 549.00.

The business also recently declared a dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, December 8th will be paid a dividend of GBX 7.40 ($0.09) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 1.59%.

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