The Royal Mail PLC (RMG) Given Sell Rating at Liberum Capital

The Royal Mail PLC (RMG) Given Sell Rating at Liberum Capital

A number of other research analysts also recently issued reports on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 450 ($5.78) price target on shares of Royal Mail PLC in a report on Monday. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 565 ($7.26) target price on shares of Royal Mail PLC in a report on Friday. Investec reissued a “buy” rating and issued a GBX 550 ($7.06) target price on shares of Royal Mail PLC in a report on Monday, May 22nd. Finally, Jefferies Group LLC lowered their target price on Royal Mail PLC from GBX 360 ($4.62) to GBX 330 ($4.24) and set an “underperform” rating on the stock in a report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 458.82 ($5.89).

Royal Mail PLC (LON:RMG)‘s stock had its “sell” rating restated by investment analysts at Liberum Capital in a note issued to investors on Monday. They currently have a GBX 400 ($5.14) price objective on the stock. Liberum Capital’s price target suggests a potential downside of 8.90% from the stock’s previous close.

Shares of Royal Mail PLC (LON:RMG) opened at 443.899 on Monday. Royal Mail PLC has a one year low of GBX 397.40 and a one year high of GBX 549.00. The stock’s market cap is GBX 4.40 billion. The company has a 50-day moving average price of GBX 423.74 and a 200 day moving average price of GBX 430.44.

The business also recently declared a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, June 29th will be given a GBX 15.60 ($0.20) dividend. This is a boost from Royal Mail PLC’s previous dividend of $7.40. The ex-dividend date of this dividend is Thursday, June 29th. This represents a yield of 3.62%. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:RMG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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