The Credit Suisse Group AG Trims Royal Mail PLC (RMG) Target Price to GBX 481

The Credit Suisse Group AG Trims Royal Mail PLC (RMG) Target Price to GBX 481

Royal Mail PLC (LON:RMG) had its price objective cut by equities research analysts at Credit Suisse Group AG from GBX 559 ($6.74) to GBX 481 ($5.80) in a research note issued on Friday. The firm presently has a ” neutral” rating on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 13.85% from the company’s previous close.

RMG has been the topic of several other reports. Liberum Capital restated a “sell” rating and issued a GBX 320 ($3.86) price target on shares of Royal Mail PLC in a research report on Wednesday, September 28th. HSBC initiated coverage on Royal Mail PLC in a report on Friday, December 9th. They set a “hold” rating and a GBX 513 ($6.19) target price on the stock. Deutsche Bank AG lifted their target price on Royal Mail PLC from GBX 435 ($5.25) to GBX 450 ($5.43) and gave the stock a “hold” rating in a report on Monday, November 28th. Jefferies Group lifted their target price on Royal Mail PLC from GBX 400 ($4.83) to GBX 410 ($4.95) and gave the stock an “underperform” rating in a report on Friday, November 11th. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 575 ($6.94) target price on shares of Royal Mail PLC in a report on Thursday, November 24th. Three 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 stock presently has an average rating of “Hold” and a consensus target price of GBX 480.58 ($5.80).

Royal Mail PLC (LON:RMG) opened at 414.00 on Friday. Royal Mail PLC has a one year low of GBX 407.90 and a one year high of GBX 549.00. The stock’s 50 day moving average price is GBX 454.69 and its 200-day moving average price is GBX 487.83. The firm’s market cap is GBX 4.14 billion.

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

About Royal Mail PLC

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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