Cantor Fitzgerald announced Royal Mail Plc (LON:RMG), upholding its stock price target at 550.00GBX today
- Updated: October 4, 2016
In a report released on 10/05/2016 Cantor Fitzgerald hold steady the stock price target of Royal Mail Plc (LON:RMG) from 550.00GBX to 550.00GBX reporting a possible upside of 0.12%.
Previously on Wednesday September 28, 2016, Liberum Capital released a statement about Royal Mail Plc (LON:RMG) held steady the target price at 320.00GBX. At the time, this indicated a possible downside of -0.35%.
Just yesterday Royal Mail Plc (LON:RMG) traded -0.60% lower at 492.80GBX. Royal Mail Plc’s 50-day moving average is 512.60GBX and its 200-day moving average is 503.71GBX. The last stock price is down -2.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 197,559 shares of RMG traded hands, down from an average trading volume of 2,400,740
Recent Performance Chart
Royal Mail Plc has 52 week low of 412.80GBX and a 52 week high of 549.00GBX with a PE ratio of 20.56 and has a market capitalization of 0 GBX.
In addition to Cantor Fitzgerald reporting its stock price target, a total of 12 brokerages have issued a research note on the company. The average stock price target is 503.42GBX with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 2 brokerages rating the stock a sell.
Brief Synopsis On 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, as well as logistics solutions.
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