Royal Mail PLC (LON:RMG) had its price objective hoisted by Deutsche Bank AG from GBX 435 ($5.43) to GBX 450 ($5.62) in a note issued to investors on Monday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 1.77% from the stock’s previous close.
Several other equities analysts also recently commented on RMG. Investec restated a “buy” rating and issued a GBX 625 ($7.81) price target on shares of Royal Mail PLC in a research note on Monday, November 21st. Davy Research restated a “neutral” rating on shares of Royal Mail PLC in a research note on Thursday. Beaufort Securities downgraded shares of Royal Mail PLC to a “hold” rating in a research note on Friday, November 18th. Barclays PLC restated an “overweight” rating and issued a GBX 575 ($7.18) price target on shares of Royal Mail PLC in a research note on Thursday. Finally, Jefferies Group restated an “underperform” rating and issued a GBX 410 ($5.12) price target on shares of Royal Mail PLC in a research note on Friday, November 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Royal Mail PLC has a consensus rating of “Hold” and a consensus price target of GBX 473.50 ($5.92).
Royal Mail PLC (LON:RMG) opened at 454.50 on Monday. The company’s market cap is GBX 4.55 billion. The stock’s 50 day moving average is GBX 484.77 and its 200-day moving average is 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 disclosed a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 8th will be issued a GBX 7.40 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 1.59%.