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Credit Suisse Group Reiterates "Underperform" Rating for Royal Mail

26 Aug 2018, 14:41

https://www.mareainformativa.com/2018/08/25/credit-suisse-group-reiterates-underperform-rating-for-royal-mail-rmg.html

Credit Suisse Group Reiterates “Underperform” Rating for Royal Mail (RMG)

August 25th, 2018 - By Renee Jackson

Royal Mail (LON:RMG)‘s stock had its “underperform” rating reiterated by research analysts at Credit Suisse Group in a research note issued on Thursday.

RMG has been the subject of several other research reports. JPMorgan Chase & Co. lowered Royal Mail to a “neutral” rating and increased their price objective for the company from GBX 530 ($6.77) to GBX 561 ($7.17) in a report on Tuesday, May 22nd. Sanford C. Bernstein increased their price objective on Royal Mail from GBX 540 ($6.90) to GBX 590 ($7.54) and gave the company a “market perform” rating in a report on Tuesday, May 22nd. Berenberg Bank lowered Royal Mail to a “sell” rating in a research note on Friday, May 25th. Liberum Capital reduced their target price on Royal Mail from GBX 450 ($5.75) to GBX 415 ($5.30) and set a “sell” rating for the company in a research note on Monday, June 4th. Finally, Royal Bank of Canada upgraded Royal Mail to a “sector performer” rating and set a GBX 500 ($6.39) target price for the company in a research note on Tuesday, June 26th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 478.92 ($6.12).

About Royal Mail

Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.

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