Royal Mail (LON:RMG) had its target price raised to 568GBX by Goldman Sachs in a report released 6/27/2016. The new target price suggests a possible upside of 0.20% based on the bussiness’ previous stock close price.
Having a price of 471.70GBX, Royal Mail (LON:RMG) traded 0.10% lower on the day. The last stock price is down 6.09% relative to the two hundred day moving average, compared with the S&P 500 Index which has increased 0.01% over the same time. Royal Mail has logged a 50-day average of 513.35GBX and 200-day average of 476.93GBX. Trading volume was was up over the average, with 3,021,841 shares of RMG changing hands over the typical 2,904,350 shares.
With a market cap of 5.1B GBX, Royal Mail has a one-year low of 412.80GBX and a 52 week high of 549.00GBX with a P/E ratio of 21.
Also covering Royal Mail’s stock price target, a total of 12 firms have issued a ratings update on Royal Mail. The average target is 503.42GBX with two firms rating the stock a strong buy, four analysts rating the stock a buy, six analyts rating the stock a hold, one analyst rating the company to underperform, and lastly two firmsrating the stock as sell.
Brief Synopsis About Royal Mail (LON:RMG)
Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. The UKPIL segment provides letter and parcel services to and from countries across the world under reciprocal arrangements with other overseas postal administrations. It is also responsible for the design and production of the United Kingdom’s stamps and philatelic products. The UKPIL segment includes Royal Mail Group Limited, Royal Mail Estates Limited and Royal Mail Investments Limited. The GLS segment operates in continental Europe and the Republic of Ireland and operates ground-based parcel delivery network in Europe. The GLS segment includes GLS Germany GmbH & Co. OHG, GLS Italy S.p.A. and GLS France S.A.S. The Other segment includes its subsidiaries, Romec Limited, which is engaged in facilities management; NDC 2000 Limited, a provider of design services, and Quadrant Catering Ltd, and a provider of catering services.