Several other equities research analysts have also recently weighed in on RMG. Credit Suisse Group AG increased their price target on Royal Mail PLC from GBX 490 ($6.40) to GBX 559 ($7.30) and gave the company a neutral rating in a research note on Wednesday, June 1st. Jefferies Group increased their price target on Royal Mail PLC from GBX 380 ($4.96) to GBX 400 ($5.22) and gave the company an underperform rating in a research note on Friday, June 3rd. Royal Bank Of Canada raised their target price on Royal Mail PLC from GBX 525 ($6.85) to GBX 540 ($7.05) and gave the stock a sector performer rating in a research note on Friday, June 3rd. Goldman Sachs Group Inc. cut Royal Mail PLC to a neutral rating and set a GBX 568 ($7.41) target price for the company. in a research note on Monday, June 27th. Finally, Morgan Stanley reaffirmed an underweight rating on shares of Royal Mail PLC in a research note on Friday, July 1st. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Royal Mail PLC currently has an average rating of Hold and an average target price of GBX 466 ($6.08).
Royal Mail PLC (LON:RMG) opened at 495.60 on Wednesday. The firm’s 50 day moving average price is GBX 513.25 and its 200 day moving average price is GBX 503.66. Royal Mail PLC has a 52-week low of GBX 412.80 and a 52-week high of GBX 549.00. The firm’s market cap is GBX 4.96 billion.
In related news, insider Lester,Matthew bought 27,561 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were bought 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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