Barclays PLC reiterated their overweight rating on shares of Royal Mail PLC (LON:RMG) in a research note issued to investors on Thursday. Barclays PLC currently has a GBX 575 ($7.18) target price on the stock.
Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Royal Mail PLC from GBX 605 ($7.56) to GBX 580 ($7.25) and set an overweight rating for the company in a research report on Tuesday, September 20th. Liberum Capital restated a sell rating and set a GBX 320 ($4.00) price objective on shares of Royal Mail PLC in a research report on Wednesday, September 28th. Goldman Sachs Group Inc. restated a neutral rating and set a GBX 600 ($7.50) price objective on shares of Royal Mail PLC in a research report on Thursday, September 8th. Jefferies Group restated an underperform rating and set a GBX 360 ($4.50) price objective on shares of Royal Mail PLC in a research report on Thursday, August 25th. Finally, Davy Research restated a neutral rating on shares of Royal Mail PLC in a research report on Thursday, November 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 472.25 ($5.90).
Royal Mail PLC (LON:RMG) opened at 458.40 on Thursday. The stock’s market capitalization is GBX 4.58 billion. Royal Mail PLC has a 12-month low of GBX 412.80 and a 12-month high of GBX 549.00. The company has a 50-day moving average price of GBX 485.62 and a 200-day moving average price of GBX 504.53.
The firm also recently declared a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 8th will be given 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%.
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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