Today’s Rating Change: Davy Research Reaffirmed Royal Mail Plc (LON:RMG) as Neutral

November 24, 2016 - By Clifton Ray

Royal Mail Plc (LON:RMG) Rating

In a note issued to clients and investors by Davy Research on Thursday morning, Royal Mail Plc (LON:RMG) stock Neutral was maintained.

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 12.55% above today’s (GBX 453.7) stock price. Royal Mail Plc has been the topic of 89 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Jefferies maintained the shares of RMG in a report on Monday, November 21 with “Underperform” rating. On Monday, December 7 the stock rating was maintained by UBS with “Neutral”. The firm has “Underperform” rating by Jefferies given on Friday, May 6. Cantor Fitzgerald downgraded Royal Mail PLC (LON:RMG) rating on Thursday, November 17. Cantor Fitzgerald has “Hold” rating and GBX 550 price target. Deutsche Bank maintained the shares of RMG in a report on Wednesday, July 20 with “Hold” rating. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, October 5. Jefferies maintained Royal Mail PLC (LON:RMG) on Thursday, May 26 with “Underperform” rating. The firm has “Underperform” rating by Credit Suisse given on Thursday, January 21. The company was maintained on Thursday, January 21 by Liberum Capital. Cantor Fitzgerald upgraded the stock to “Buy” rating in Tuesday, January 5 report.

About 615,816 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 4.55 billion GBP. The Company’s divisions include UK Parcels, International & Letters , General Logistics Systems (GLS) and Other. It has a 21.41 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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