Rating Worth Mentioning Today: Equity Analysts at JP Morgan Cazenove Kept their Overweight rating for Royal Mail Plc (LON:RMG). The TP is Set to GBX 600.00

November 30, 2016 - By Dolores Ford

Royal Mail Plc (LON:RMG) Rating

JP Morgan Cazenove currently has a GBX 600.00 TP on the 4.68B GBP market cap company or 28.66% upside potential. In a research note revealed to clients on Wednesday, 30 November, Royal Mail Plc (LON:RMG) stock had its Overweight Rating reaffirmed by expert analysts at JP Morgan Cazenove.

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 9.62% above today’s (GBX 468.1) stock price. Royal Mail Plc has been the topic of 91 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained it with “Buy” rating and GBX 550 target price in Tuesday, July 19 report. The firm has “Hold” rating by Deutsche Bank given on Thursday, May 26. On Thursday, November 19 the stock rating was maintained by Cantor Fitzgerald with “Hold”. The company was maintained on Friday, May 20 by Beaufort Securities. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, December 10. On Tuesday, November 17 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Underperform” rating given on Friday, November 11 by Jefferies. The rating was maintained by JP Morgan with “Overweight” on Friday, November 18. RBC Capital Markets maintained the shares of RMG in a report on Tuesday, April 12 with “Underperform” rating. The rating was maintained by Cantor Fitzgerald with “Buy” on Monday, February 22.

About 992,247 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 4.68 billion GBP. The Company’s divisions include UK Parcels, International & Letters , General Logistics Systems (GLS) and Other. It has a 22.09 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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