JPMorgan Chase & Co. reissued their neutral rating on shares of Royal Mail (LON:RMG) in a report released on Friday, September 20th, Digital Look reports.
Several other equities research analysts have also recently issued reports on the company. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a research note on Friday, July 12th. Morgan Stanley raised Royal Mail to an equal weight rating in a research note on Monday, July 15th. Credit Suisse Group reduced their price objective on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a research note on Wednesday, May 29th. Finally, Societe Generale raised Royal Mail to a hold rating and reduced their price objective for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Royal Mail presently has an average rating of Hold and an average target price of GBX 221.33 ($2.89).
Shares of Royal Mail stock traded up GBX 15.90 ($0.21) during trading hours on Friday, hitting GBX 218.10 ($2.85). The company’s stock had a trading volume of 9,539,375 shares, compared to its average volume of 5,850,000. The business has a 50 day moving average price of GBX 209.82 and a two-hundred day moving average price of GBX 221.29. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 371.30 ($4.85). The company has a market cap of $2.18 billion and a PE ratio of 12.46. 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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