Trade Report: Today: Deutsche Bank AG Increases Royal Mail PLC (RMG) Price Target to GBX 450

Today: Deutsche Bank AG Increases Royal Mail PLC (RMG) Price Target to GBX 450

Royal Mail PLC (LON:RMG) had its price objective hoisted by equities researchers at Deutsche Bank AG from GBX 435 ($5.43) to GBX 450 ($5.62) in a research note issued on Monday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price target points to a potential downside of 0.99% from the company’s previous close.

Several other analysts have also recently issued reports on RMG. Investec reiterated a “buy” rating and set a GBX 625 ($7.81) target price on shares of Royal Mail PLC in a research report on Monday, November 21st. Davy Research reiterated a “neutral” rating on shares of Royal Mail PLC in a research report on Thursday. Beaufort Securities cut Royal Mail PLC to a “hold” rating in a research report on Friday, November 18th. Barclays PLC reiterated an “overweight” rating and set a GBX 575 ($7.18) target price on shares of Royal Mail PLC in a research report on Thursday. Finally, Jefferies Group reiterated an “underperform” rating and set a GBX 410 ($5.12) target price on shares of Royal Mail PLC in a research report on Friday, November 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 473.50 ($5.92).

Shares of Royal Mail PLC (LON:RMG) opened at 455.00 on Monday. The company’s market cap is GBX 4.55 billion. The firm has a 50-day moving average price of GBX 484.77 and a 200 day moving average price of GBX 504.21. Royal Mail PLC has a 12 month low of GBX 412.80 and a 12 month high of GBX 549.00.

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

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