Royal Mail PLC (LON:RMG) has received an average rating of “Hold” from the fifteen research firms that are currently covering the stock. Four analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 470.18 ($6.14).
Several research analysts recently commented on RMG shares. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 600 ($7.83) price target on shares of Royal Mail PLC in a research report on Thursday, September 8th. Liberum Capital reissued a “sell” rating and set a GBX 320 ($4.18) price target on shares of Royal Mail PLC in a research report on Wednesday, September 28th. Jefferies Group reissued an “underperform” rating and set a GBX 360 ($4.70) price target on shares of Royal Mail PLC in a research report on Thursday, August 25th. JPMorgan Chase & Co. cut their price objective on Royal Mail PLC from GBX 605 ($7.90) to GBX 580 ($7.57) and set an “overweight” rating for the company in a research report on Tuesday, September 20th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Royal Mail PLC in a research report on Friday, July 1st.
In related news, insider Lester,Matthew acquired 27,561 shares of the stock in a transaction on Friday, July 22nd. The shares were purchased at an average price of GBX 500 ($6.53) per share, for a total transaction of £137,805 ($179,878.61).
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. The UKPIL segment provides letter and parcel services to and from countries across the world under reciprocal arrangements with other overseas postal administrations.
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