Royal Mail (RMG) Hits New 12-Month High at $541.40

Royal Mail PLC (LON:RMG) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 541.40 ($7.48) and last traded at GBX 536.80 ($7.42), with a volume of 4530550 shares traded. The stock had previously closed at GBX 533 ($7.36).

RMG has been the topic of several analyst reports. reissued a “buy” rating and set a GBX 465 ($6.42) price objective on shares of Royal Mail in a research note on Wednesday, October 18th. Liberum Capital reissued a “sell” rating and set a GBX 385 ($5.32) price objective on shares of Royal Mail in a research note on Thursday, October 26th. Berenberg Bank initiated coverage on Royal Mail in a research note on Tuesday, October 31st. They set a “hold” rating and a GBX 375 ($5.18) price objective on the stock. Credit Suisse Group cut Royal Mail to an “underperform” rating and reduced their price objective for the stock from GBX 492 ($6.80) to GBX 325 ($4.49) in a research note on Tuesday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Royal Mail from GBX 550 ($7.60) to GBX 535 ($7.39) and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Royal Mail currently has an average rating of “Hold” and an average price target of GBX 443.08 ($6.12).

The company has a market capitalization of $5,400.00 and a P/E ratio of 1,500.00.

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About Royal Mail

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.

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