Royal Mail Plc (LON:RMG) target price raised to 600.00GBX, reported today by JP Morgan Cazenove
- Updated: November 29, 2016
Royal Mail Plc (LON:RMG) had its target price raised to 600.00GBX by JP Morgan Cazenove in an issued report announced 11/30/2016. The bumped up target suggests a potential upside of 0.29% from the company's most recent stock price close.
On 11/28/2016, Deutsche Bank released a statement for Royal Mail Plc (LON:RMG) bumped up the target price from 435.00GBX to 450.00GBX that suggested a downside of -0.01%.
Boasting a price of 466.05GBX, Royal Mail Plc (LON:RMG) traded 0.67% higher on the day. With the last stock price close down -7.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Royal Mail Plc has recorded a 50-day average of 483.91GBX and a two hundred day average of 503.97GBX. Volume of trade was down over the average, with 327,105 shares of RMG changing hands under the typical 3,174,790
With a total market value of 0 GBX, Royal Mail Plc has price-earnings ratio of 21.96 with a one year low of 412.80GBX and a one year high of 549.00GBX .
A total of 12 equity analysts have released a research note on RMG. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally two equity analysts rating the company a sell with a one year target of 503.42GBX.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.