Ratings Don’t Lie: Barclays Capital Reiterated Royal Mail Plc (LON:RMG) As Overweight; Has Target Price Of GBX 575.00

November 24, 2016 - By Marguerite Chambers

Royal Mail Plc (LON:RMG) Rating

Royal Mail Plc (LON:RMG) had its stock rating noted as Overweight by analysts at Barclays Capital. Barclays Capital currently has a GBX 575.00 TP on the 4.56 billion GBP market cap company or 26.36% upside potential. This was disclosed in an analyst report on Thursday, 24 November.

Royal Mail PLC (LON:RMG) Ratings Coverage

Out of 18 analysts covering Royal Mail Plc (LON:RMG), 5 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 28% are positive. GBX 625 is the highest target while GBX 320 is the lowest. The GBX 510.64 average target is 12.34% above today’s (GBX 454.53) stock price. Royal Mail Plc has been the topic of 89 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained Royal Mail PLC (LON:RMG) on Thursday, June 2 with “Buy” rating. On Tuesday, October 13 the stock rating was maintained by Cantor Fitzgerald with “Hold”. The stock has “Sell” rating given by Liberum Capital on Thursday, January 7. The firm has “Underperform” rating by Credit Suisse given on Tuesday, November 24. On Monday, November 21 the stock rating was maintained by Investec with “Buy”. The rating was maintained by Liberum Capital with “Sell” on Monday, May 23. As per Wednesday, June 1, the company rating was maintained by Credit Suisse. The stock has “Hold” rating given by Deutsche Bank on Friday, November 18. As per Thursday, November 19, the company rating was maintained by Deutsche Bank. The rating was maintained by Panmure Gordon on Thursday, November 19 with “Hold”.

About 541,370 shares traded hands. Royal Mail PLC (LON:RMG) has declined 6.76% since April 27, 2016 and is downtrending. It has underperformed by 12.17% the S&P500.

Royal Mail plc provides postal services. The company has a market cap of 4.56 billion GBP. The Company’s divisions include UK Parcels, International & Letters , General Logistics Systems (GLS) and Other. It has a 21.45 P/E ratio. 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.

Another recent and important Royal Mail PLC (LON:RMG) news was published by Fool.Co.Uk which published an article titled: “Don’t buy Barclays plc or Royal Mail plc until you read this!” on May 05, 2016.

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