Royal Mail PLC Stock Rating Reaffirmed by Berenberg Bank

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Royal Mail PLC (LON:RMG)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a reportissued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 625 ($9.75) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 23.00% from the company’s current price.

Shares of Royal Mail PLC (LON:RMG) opened at 508.6300 on Tuesday. Royal Mail PLC has a 52-week low of GBX 231.98 and a 52-week high of GBX 532.50. The stock’s 50-day moving average is GBX 511.93 and its 200-day moving average is GBX 464.20. The company’s market cap is £5.09 billion.

The company also recently announced a dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 2nd will be paid a dividend of GBX 14.30 ($0.22) per share. This represents a dividend yield of 2.86%. The ex-dividend date is Thursday, July 2nd.

A number of other firms have also recently commented on RMG. Analysts at Charles Stanley downgraded shares of Royal Mail PLC to a “reduce” rating in a research note on Tuesday. Analysts at Investec reiterated a “buy” rating and set a GBX 580 ($9.05) price target on shares of Royal Mail PLC in a research note on Tuesday. Analysts at Davy Research reiterated an “underperform” rating on shares of Royal Mail PLC in a research note on Tuesday. Analysts at Panmure Gordon reiterated a “hold” rating and set a GBX 480 ($7.49) price target on shares of Royal Mail PLC in a research note on Tuesday. Finally, analysts at Goldman Sachs raised their price target on shares of Royal Mail PLC from GBX 585 ($9.13) to GBX 610 ($9.52) and gave the company a “buy” rating in a research note on Monday, July 6th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 507.39 ($7.92).

Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services. The Company is engaged in the collection, sorting, transportation and delivery of parcels and letters in the United Kingdom. It operates in two divisions: United Kingdom Parcels, International and Letters (LON:RMG) and GLS. UKPIL collects and delivers parcels and letters through two networks: the Royal Mail Core Network and Parcelforce Worldwide. It provides collection and delivery services under the Royal Mail and Parcelforce Worldwide brands. GLS comprises the Group’s European parcel business and focuses on the deferred parcels segment. GLS operates in 22 European countries and nation states through wholly-owned members of the GLS Group and franchisees, and covers an additional 15 European countries and nation states through network and service partners of the GLS Group, which include Parcelforce Worldwide in the UK. GLS’s main markets are Germany, Italy and France.