Deutsche Bank recorded Royal Mail Plc (LON:RMG), hiking its price target to 450.00GBX earlier today
- Updated: November 27, 2016
Yesterday Royal Mail Plc (LON:RMG) traded -0.61% lower at 454.95GBX. Royal Mail Plc’s 50-day average is 484.77GBX and its two hundred day average is 504.21GBX. With the last stock price down -9.70% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 751,495 shares of RMG changing hands under the typical 3,105,150
Indicating a possible downside of -0.01%, Deutsche Bank raised the target price of Royal Mail Plc (LON:RMG) to 450.00GBX
With a total market value of 0 GBX, Royal Mail Plc has 52 week low of 412.80GBX and a 52 week high of 549.00GBX with a P/E ratio of 21.38 .
In addition to Deutsche Bank reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is 503.42GBX with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 6 equity analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly two equity analysts rating the company a sell.
Brief Synopsis 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, as well as logistics solutions.
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