Menu

Analysts’ recommendations

What the analysts say

Should you buy, sell, or hold on to PostNL shares? Here we present the recommendations of financial analysts. Feel free to contact them via mail for more information about PostNL stock.

Broker

Analyst

Recommendation

Target

Date

Barclays Capital

Mark McVicar

Neutral

EUR 3.30

5 Mar 2018

Berenberg

William Fitzalan Howard

Sell

EUR 2.35

3 Sep 2018

De Groof Petercam

Marcel Achterberg

Sell

EUR 3.00

20 Aug 2018

Goldman Sachs

Matija Gergolet

Buy

EUR 4.10

8 May 2018

HSBC

Edward Stanford

Neutral

EUR 3.20

11 Sep 2018

ING

Marc Zwartsenburg

Buy

EUR 5.00

27 Feb 2018

Jefferies

David Kerstens

Buy

EUR 4.00

27 Feb 2018

KBC Securities NV

Ruben Devos

Buy

EUR 4.50

9 Mar 2018

KeplerCheuvreux

André Mulder

Sell

EUR 2.80

2 May 2014

Main First

Tobias Sittig

Buy

EUR 4.50

9 Aug 2017

UBS

Dominic Edridge

Neutral

EUR 3.00

9 Apr 2018

the IDEA!

Henk Slotboom

-

-

-

Adjusted on 12 September 2018/10:34

Disclaimer: PostNL is covered by analysts of the brokerage firms listed above. The list may not be complete and is subject to change. Any opinions, estimates or forecasts regarding PostNL's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of PostNL or our management. By publishing the information above, PostNL does not imply, and expressly disclaims, any endorsement of or concurrence with any information, estimates, forecasts, opinions, conclusions or recommendations provided by these analysts. PostNL does not assess, comment on or correct analysts' reports, other than factually. PostNL does not pay any fees for carrying out research for analysts' reports or for the production or publication of analysts' reports, with the exception of credit rating agencies.

Consensus


CONSENSUS PRE 2Q 2018

July 2018




2Q18 E
consensus
FY18 E
consensus
Revenue

Mail in the Netherlands4121,685
Parcels3121,300
International2591,090
PostNL Other1977
Intercompany-134-543
Total Revenue8633,593

Underlying operating income


Mail in the Netherlands18112
Parcels29124
International03
PostNL Other-6-26
Total underlying operating income40215

changes in pension liabilities

3

10
changes in provisions-13-52
Underlying cash operating income30172



Cost savings1460
Volume decline addressed mail NL10.0%10.6%
Dividend (over 2018)

€ 0.24

Based on estimates of 10 analysts

Contact Investor Relations