Rating Worth Watching: Deutsche Bank Analyst Reaffirmed GBX 450.00 Price Target on Royal Mail Plc (LON:RMG) stock, While Reiterating Hold Rating

November 28, 2016 - By Adrian Mccoy

Royal Mail Plc (LON:RMG) Rating

In an analyst note issued to investors and clients on today, Deutsche Bank kept their Hold rating on Royal Mail Plc (LON:RMG)‘s stock. The TP would suggest a potential downside of -1.09% from firm’s stock close price.

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 511.71 average target is 12.41% above today’s (GBX 455.2) stock price. Royal Mail Plc has been the topic of 90 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Jefferies maintained Royal Mail PLC (LON:RMG) on Friday, June 3 with “Underperform” rating. The firm has “Sell” rating by Liberum Capital given on Tuesday, July 12. Deutsche Bank maintained it with “Hold” rating and GBX 400 target price in Thursday, November 19 report. The firm earned “Hold” rating on Thursday, November 17 by Cantor Fitzgerald. Beaufort Securities maintained the stock with “Buy” rating in Friday, May 20 report. The firm has “Buy” rating given on Tuesday, November 17 by Goldman Sachs. The firm has “Overweight” rating given on Monday, February 22 by Barclays Capital. On Thursday, March 31 the stock rating was maintained by Jefferies with “Underperform”. The rating was maintained by UBS with “Neutral” on Monday, December 7. The firm has “Underperform” rating given on Thursday, January 21 by Credit Suisse.

About 773,547 shares traded hands. Royal Mail PLC (LON:RMG) has declined 5.91% since April 29, 2016 and is downtrending. It has underperformed by 11.93% 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 21.48 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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