Royal Mail (RMG) Given “Underperform” Rating at Credit Suisse Group

Credit Suisse Group reiterated their underperform rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Friday, November 10th. They currently have a GBX 325 ($4.35) target price on the stock.

RMG has been the topic of a number of other research reports. Jefferies Group restated an underperform rating and issued a GBX 320 ($4.29) target price on shares of Royal Mail in a research note on Tuesday, October 3rd. J P Morgan Chase & Co decreased their price target on Royal Mail from GBX 550 ($7.37) to GBX 535 ($7.16) and set an overweight rating for the company in a research note on Thursday, November 2nd. reiterated a buy rating and set a GBX 465 ($6.23) price target on shares of Royal Mail in a research note on Wednesday, October 18th. Berenberg Bank began coverage on Royal Mail in a research note on Tuesday, October 31st. They set a hold rating and a GBX 375 ($5.02) price target for the company. Finally, Liberum Capital reiterated a sell rating and set a GBX 385 ($5.16) price target on shares of Royal Mail in a research note on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Royal Mail currently has an average rating of Hold and an average price target of GBX 436.82 ($5.85).

Shares of Royal Mail (RMG) traded up GBX 11.50 ($0.15) during midday trading on Friday, reaching GBX 436.80 ($5.85). The company’s stock had a trading volume of 8,941,155 shares, compared to its average volume of 5,010,000. Royal Mail has a 1 year low of GBX 367.80 ($4.93) and a 1 year high of GBX 474 ($6.35).

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 7th will be given a dividend of GBX 7.70 ($0.10) per share. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 1.86%.

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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.

Analyst Recommendations for Royal Mail (LON:RMG)

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