Brokerages Set Royal Mail PLC (RMG) Target Price at $340.85

Shares of Royal Mail PLC (LON:RMG) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, reports. Eight research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 340.85 ($4.45).

RMG has been the topic of several research analyst reports. UBS Group reissued a “neutral” rating and set a GBX 282 ($3.68) target price (down from GBX 354 ($4.63)) on shares of Royal Mail in a research note on Monday, February 11th. Barclays restated an “overweight” rating on shares of Royal Mail in a research note on Thursday, November 22nd. HSBC upgraded Royal Mail to a “buy” rating and dropped their target price for the stock from GBX 347 ($4.53) to GBX 300 ($3.92) in a research note on Monday, February 4th. JPMorgan Chase & Co. downgraded Royal Mail to an “underweight” rating in a research note on Thursday, January 24th. Finally, Liberum Capital restated a “sell” rating and set a GBX 240 ($3.14) target price (down from GBX 250 ($3.27)) on shares of Royal Mail in a research note on Tuesday, January 29th.

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Shares of RMG traded down GBX 5.50 ($0.07) during mid-day trading on Friday, hitting GBX 271.70 ($3.55). 4,392,362 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. Royal Mail has a 1 year low of GBX 367.80 ($4.81) and a 1 year high of GBX 575 ($7.51).

In related news, insider Rico Back purchased 150,000 shares of the company’s stock in a transaction dated Tuesday, January 29th. The stock was acquired at an average cost of GBX 261 ($3.41) per share, for a total transaction of £391,500 ($511,564.09). In the last quarter, insiders have acquired 300,035 shares of company stock worth $82,659,765.

About Royal Mail

Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.

Further Reading: Strike Price

Analyst Recommendations for Royal Mail (LON:RMG)

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