Why JP Morgan Cazenove Has Just Restated Their “Neutral” Rating For Royal Mail Plc (LON:RMG) Shares

Royal Mail Plc (LON:RMG) Rating Reaffirmed

In a research report issued to clients on 29 August, JP Morgan Cazenove reaffirmed their “Neutral” rating on Royal Mail Plc (LON:RMG) shares.

Royal Mail plc (LON:RMG) Ratings Coverage

Among 4 analysts covering Royal Mail Plc (LON:RMG), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Royal Mail Plc has GBX 320 highest and GBX 150 lowest target. GBX 211.75’s average target is 3.85% above currents GBX 203.9 stock price. Royal Mail Plc had 22 analyst reports since April 1, 2019 according to SRatingsIntel. As per Friday, May 24, the company rating was upgraded by Goldman Sachs. The rating was maintained by Deutsche Bank on Tuesday, June 4 with “Sell”. Jefferies maintained Royal Mail plc (LON:RMG) on Monday, June 3 with “Underperform” rating. Barclays Capital maintained the shares of RMG in report on Wednesday, May 22 with “Overweight” rating. As per Monday, April 1, the company rating was upgraded by Berenberg. The firm earned “Hold” rating on Friday, June 7 by HSBC. The rating was upgraded by Liberum Capital to “Hold” on Friday, May 24. On Friday, June 14 the stock rating was upgraded by Societe Generale to “Hold”. The rating was maintained by Credit Suisse with “Underperform” on Wednesday, May 29. The stock of Royal Mail plc (LON:RMG) has “Neutral” rating given on Tuesday, June 4 by JP Morgan.

The stock decreased 1.45% or GBX 3 during the last trading session, reaching GBX 203.9. About 3.94M shares traded. Royal Mail plc (LON:RMG) has 0.00% since August 29, 2018 and is . It has by 0.00% the S&P500.

Royal Mail plc operates as an universal postal service well-known provider in the United Kingdom and other European countries. The company has market cap of 2.04 billion GBP. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. It has a 11.65 P/E ratio. The firm also provides services for the collection, sorting, and delivery of parcels and letters; and creates and produces stamps and philatelic items, as well as offers media and marketing mail services.

More recent Royal Mail plc (LON:RMG) news were published by: Finance.Yahoo.com which released: “What Do Analysts Think About Royal Mail plc’s (LON:RMG) Future? – Yahoo Finance” on May 29, 2019. Also Finance.Yahoo.com published the news titled: “Do Institutions Own Shares In Royal Mail plc (LON:RMG)? – Yahoo Finance” on May 09, 2019. Finance.Yahoo.com‘s news article titled: “Royal Mail plc (LON:RMG): Immense Growth Potential? – Yahoo Finance” with publication date: July 28, 2019 was also an interesting one.