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Principale » Royal Mail share price tumbles as Credit Suisse turns bearish on group

Royal Mail share price tumbles as Credit Suisse turns bearish on group

31 Octobre 2017

Shares of Royal Mail Plc (ROYMF) remained flat at $5.03 during midday trading on Tuesday. The group's shares have lost almost a quarter of their value over the past year, and are down by just under a fifth in the year-to-date, resulting in the group's demotion from the FTSE 100 at the blue-chip index's most recent quarterly reshuffle.

Credit Suisse trimmed its rating on Royal Mail from "neutral" to "underperform" today and lowered its price target on the stock from 492p to 325p, forecasting that worsening letter revenue trends and a costly labour deal will render 2018 earnings unsustainable. HSBC Holdings plc upgraded Royal Mail Plc from a "hold" rating to a "buy" rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. They now have a GBX 465 ($6.14) price target on the stock. Royal Mail Plc has a 1-year low of $4.92 and a 1-year high of $5.61. The firm's 50-day moving average price is GBX 382.38 and its 200-day moving average price is GBX 406.87. The company was maintained on Friday, May 20 by JP Morgan. Finally, Barclays PLC restated an overweight rating and issued a GBX 535 ($7.06) price objective on shares of Royal Mail PLC in a report on Monday, July 10th. Market capitalisation for LON:RMG is £3,700,000,000 GBP. About 7.87 million shares traded or 103.36% up from the average. Royal Mail PLC (LON:RMG) has 0.00% since October 31, 2016 and is.

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Royal Mail plc provides postal services. The Company's segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.

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