Rating Worth Mentioning: Royal Mail (LON:RMG) Stock Overweight Rating Reiterated at JP Morgan Cazenove; The Target Price per Share is Set to GBX 600.00

November 30, 2016 - By Richard Conner

Royal Mail (LON:RMG) Rating

In analysts report revealed to investors and clients on Wednesday, 30 November, Royal Mail (LON:RMG) stock had its Overweight Rating reiterated by investment analysts at JP Morgan Cazenove. They currently have a GBX 600.00 TP on company. JP Morgan Cazenove’s target would suggest a potential upside of 28.31% from the company’s previous stock close.

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 513.14 average target is 9.44% above today’s (GBX 468.88) stock price. Royal Mail Plc has been the topic of 91 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Wednesday, September 28 by Liberum Capital. The firm has “Overweight” rating by JP Morgan given on Tuesday, November 17. The stock of Royal Mail PLC (LON:RMG) has “Sell” rating given on Tuesday, January 12 by Liberum Capital. The firm has “Hold” rating given on Friday, May 20 by Deutsche Bank. Investec maintained Royal Mail PLC (LON:RMG) on Friday, November 20 with “Buy” rating. The rating was maintained by Liberum Capital on Tuesday, July 12 with “Sell”. JP Morgan maintained the shares of RMG in a report on Friday, November 18 with “Overweight” rating. The rating was maintained by UBS on Friday, November 6 with “Underperform”. The firm earned “Overweight” rating on Tuesday, September 20 by JP Morgan. The rating was maintained by Barclays Capital on Wednesday, July 20 with “Overweight”.

About 3.10M shares traded hands. Royal Mail PLC (LON:RMG) has declined 4.48% since May 3, 2016 and is downtrending. It has underperformed by 9.71% the S&P500.

Royal Mail plc provides postal services. The company has a market cap of 4.69 billion GBP. The Company’s divisions include UK Parcels, International & Letters , General Logistics Systems (GLS) and Other. It has a 22.13 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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