The Royal Mail PLC (RMG) Given New GBX 450 Price Target at Deutsche Bank AG

The Royal Mail PLC (RMG) Given New GBX 450 Price Target at Deutsche Bank AG

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%.

Related posts

Leave a Comment