A statement released earlier today by JP Morgan Cazenove about Royal Mail Plc (LON:RMG) bumps down the target price to 580.00GBX
- Updated: September 19, 2016
JP Morgan Cazenove lowered the price target of Royal Mail Plc (LON:RMG) to 580GBX, indicating a possible upside of 0.18%.
On 7/22/2016, RBC Capital Markets reported about Royal Mail Plc(LON:RMG) lowered the target price from 540.00GBX to 500.00GBX. At the time, this indicated a possible downside of 0.00%.
Just yesterday Royal Mail Plc (LON:RMG) traded 0.39% lower at 490.00GBX. Royal Mail Plc’s 50-day average is 514.89GBX and its two hundred day average is 499.94GBX. The last close is down 3.11% relative to the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Trade volume was down over the average, with 179,076 shares of RMG changing hands under the typical 2,539,600 shares..
See Graph Below:
With a market capitalization of 0.0 GBX, Royal Mail Plc has a price-earnings of 21 with a one-year low of 412.80GBX and a one-year high of 549.00GBX.
A total of 12 brokerages have released a report on Royal Mail Plc. Two firms rate the company a strong buy, four analysts rate the company a buy, six firms rate the stock a hold, one brokerage rate the company to underperform, and finally two firmsrate the company as sell with a one year target stock price of 503.42GBX
General Information About Royal Mail Plc (LON:RMG)
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. UKPIL provides letter and parcel services to and from countries around the world under reciprocal arrangements with other overseas postal administrations. It is also responsible for the design and production of the United Kingdom’s stamps and philatelic products. Parcelforce Worldwide is an express parcels business. The Company operates across a network of approximately 50 depots throughout the United Kingdom. GLS operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe. GLS provides parcel and express services, and as well as logistics solutions.
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