Royal Mail PLC 34.6% potential upside indicated by JP Morgan

Royal Mail PLC with ticker (LON:RMG) now has a potential upside of 34.6% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 777 GBX for the company, which when compared to the Royal Mail PLC share price of 508 GBX at opening today (25/11/2021) indicates a potential upside of 34.6%. Trading has ranged between 299 (52 week low) and 614 (52 week high) with an average of 3,488,718 shares exchanging hands daily. The market capitalisation at the time of writing is £5,081,918,810.

Royal Mail plc is a United Kingdom-based company, which provides postal and delivery services. The Company consists of two principal operations. Its United Kingdom-based operation includes Royal Mail and Parcelforce Worldwide (Royal Mail) and its international operation is General Logistics Systems (GLS). Royal Mail operates throughout the United Kingdom and offers letter and parcel delivery services internationally. Royal Mail also provides a range of commercial services to consumers, sole-traders, small and medium size enterprises (SMEs), businesses and retailers, and other postal operators. Royal Mail collects, sorts and delivers letters and parcels. Parcelforce Worldwide is a provider of express parcel delivery services. GLS is a ground-based providers of deferred parcel delivery services. GLS provides a range of business-to-business (B2B) and business-to-consumer (B2C) services across Europe and North America. GLS collects, sorts and delivers parcels.