HSBC Holdings plc Reaffirms “Buy” Rating for Royal Mail PLC (RMG)

HSBC Holdings plc reaffirmed their buy rating on shares of Royal Mail PLC (LON:RMG) in a report released on Tuesday. They currently have a GBX 465 ($6.11) price objective on the stock.

Several other brokerages have also issued reports on RMG. Barclays PLC reaffirmed an overweight rating and set a GBX 535 ($7.03) price target on shares of Royal Mail PLC in a research note on Monday, June 26th. J P Morgan Chase & Co dropped their price target on Royal Mail PLC from GBX 565 ($7.43) to GBX 550 ($7.23) and set an overweight rating for the company in a research note on Monday, July 10th. Liberum Capital dropped their price target on Royal Mail PLC from GBX 400 ($5.26) to GBX 385 ($5.06) and set a sell rating for the company in a research note on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed an underperform rating and set a GBX 320 ($4.21) price target on shares of Royal Mail PLC in a research note on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Royal Mail PLC presently has an average rating of Hold and an average target price of GBX 467 ($6.14).

Shares of Royal Mail PLC (LON RMG) opened at 387.80 on Tuesday. Royal Mail PLC has a 12 month low of GBX 368.30 and a 12 month high of GBX 501.00. The company’s market cap is GBX 3.84 billion. The company’s 50-day moving average price is GBX 383.82 and its 200-day moving average price is GBX 409.00.

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About Royal Mail PLC

Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. 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.

Analyst Recommendations for Royal Mail PLC (LON:RMG)

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