J.P. Morgan analyst Sam Bland reiterated a Buy rating on Royal Mail (ROYMF – Research Report) yesterday and set a price target of p768.00. The company’s shares closed last Monday at $7.03.
Bland has an average return of 1.0% when recommending Royal Mail.
According to TipRanks.com, Bland is ranked #1130 out of 7776 analysts.
Currently, the analyst consensus on Royal Mail is a Strong Buy with an average price target of $10.10, a 47.2% upside from current levels. In a report issued on January 4, Barclays also maintained a Buy rating on the stock with a £6.40 price target.
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Based on Royal Mail’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.
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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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