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RMG - Royal Mail News Story

500.8p -4.4  -0.9%

Last Trade - 9:55am

Sector
Industrials
Size
Large Cap
Market Cap £5.05bn
Enterprise Value £6.07bn
Revenue £11.35bn
Position in Universe 187th / 1819

BUZZ-Top of the Street: Pennon Group, Kering, Just Eat Takeaway, Royal Mail

Mon 1st March, 2021 12:37pm
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Barclays sees significant value in UK regulated
utilities, and raises Pennon Group  PNN.L  to "overweight" from
"equal-weight", saying Pennon has underperformed due to
optically high multiples, and FTSE100 ejection
    ** With 2020 challenges behind us, Kering's  PRTP.PA 
valuation multiples are more attractive now, Jefferies says,
adding post-Q4 shares drop offers a new entry point -- upgrades
the French luxury group to "buy" from "hold", even as it keeps
cautious recovery assumptions
    ** Deutsche Bank ups food ordering firm Just Eat Takeaway
 TKWY.AS  to "buy" from "hold", citing the company's "proper"
expectations reset following reinvestments, also seeing a more
attractive risk-reward balance  urn:newsml:reuters.com:*:nL5N2KZ2O6

    
    INITIATIONS AND REINSTATEMENTS
    
    ** Peel Hunt starts Britain's Royal Mail  RMG.L  with "hold"
rating, seeing its outlook as finely balanced between the risk
of a sharper-than-expected decline in parcel volumes, and the
potential for sustained revenue growth, greater restructuring
cost and the possibility of a more appropriate regulation

    
(*Analyst rankings from Thomson Reuters StarMine. The scale is
from 1-star to 5-star with 5 being the best. Analysts are ranked
on earnings accuracy as well as relative performance of
recommendations over trailing 12-month & 24-month periods.)


 ((marta.frackowiak@thomsonreuters.com;
canan.sevgili@thomsonreuters.com))
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