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In a report issued on June 11, William Fitzalan Howard from Berenberg Bank reiterated a Sell rating on Royal Mail (ROYMF). The company’s shares closed last Thursday at $2.08.
Howard has an average return of 0.5% when recommending Royal Mail.
According to TipRanks.com, Howard is ranked #1544 out of 6821 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Royal Mail with a $41.77 average price target, a 1720.0% upside from current levels. In a report issued on June 17, Credit Suisse also maintained a Sell rating on the stock with a p95.00 price target.
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The company has a one-year high of $3.29 and a one-year low of $1.41. Currently, Royal Mail has an average volume of 918.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROYMF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Royal Mail Plc engages in the provision of postal and delivery services. It operates through the following segments: UK Parcels, International, and Letters (UKPIL), General Logistics Systems (GLS) and Group. The UKPIL segment comprises of its core UK and international parcels and letters delivery businesses under the Royal Mail and Parcelforce Worldwide brands. The GLS segment operates a ground-based, parcel delivery network that covers Europe, Western US, and Canada. The company was founded on September 6, 2013 and is headquartered in London, the United Kingdom.
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