Royal Mail PLC 45.4% potential upside indicated by JP Morgan

Royal Mail PLC with ticker (LON:RMG) now has a potential upside of 45.4% according to JP Morgan.



JP Morgan set a target price of 804 GBX for the company, which when compared to the Royal Mail PLC share price of 439 GBX at opening today (08/11/2021) indicates a potential upside of 45.4%. Trading has ranged between 249 (52 week low) and 614 (52 week high) with an average of 3,718,595 shares exchanging hands daily. The market capitalisation at the time of writing is £4,366,000,061.

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. UKPIL provides letter and parcel services to and from countries around the world under reciprocal arrangements with other overseas postal administrations. It is also responsible for the design and production of the United Kingdom’s stamps and philatelic products. Parcelforce Worldwide is an express parcels business. The Company operates across a network of approximately 50 depots throughout the United Kingdom. GLS operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe. GLS provides parcel and express services, as well as logistics solutions.