JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Wednesday, August 28th, Borsen Zeitung reports. They currently have a GBX 252 ($3.29) target price on the stock.
A number of other brokerages have also commented on RMG. Barclays reissued an overweight rating on shares of Royal Mail in a report on Friday, July 12th. Liberum Capital reissued a hold rating on shares of Royal Mail in a research report on Thursday, July 18th. Morgan Stanley upgraded Royal Mail to an equal weight rating in a research note on Monday, July 15th. Goldman Sachs Group reiterated a buy rating on shares of Royal Mail in a report on Monday, June 10th. Finally, HSBC lowered Royal Mail to a hold rating and decreased their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Royal Mail presently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of LON:RMG traded down GBX 0.20 ($0.00) during trading on Wednesday, reaching GBX 229 ($2.99). The stock had a trading volume of 5,336,814 shares, compared to its average volume of 5,850,000. The firm’s fifty day moving average is GBX 207.72 and its 200 day moving average is GBX 229.60. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 492.50 ($6.44). The stock has a market cap of $2.29 billion and a price-to-earnings ratio of 13.09. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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