Home / Royal Mail / Royal Mail (LON:RMG) Rating Reiterated by JPMorgan Chase & Co.

Royal Mail (LON:RMG) Rating Reiterated by JPMorgan Chase & Co.

Royal Mail (LON:RMG)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, October 16th, Digital Look reports.

A number of other equities analysts also recently weighed in on RMG. Liberum Capital downgraded shares of Royal Mail to a “sell” rating in a research note on Tuesday, September 24th. Jefferies Financial Group reiterated an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Barclays reiterated an “overweight” rating on shares of Royal Mail in a report on Monday, October 14th. Morgan Stanley upgraded shares of Royal Mail to an “equal weight” rating in a report on Monday, July 15th. Finally, Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a report on Friday, July 12th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 215.50 ($2.82).

Shares of LON RMG traded down GBX 3.30 ($0.04) on Wednesday, reaching GBX 219.70 ($2.87). 3,097,291 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 367 ($4.80). The business’s 50 day simple moving average is GBX 214.30 and its two-hundred day simple moving average is GBX 216.85. The company has a market cap of $2.20 billion and a price-to-earnings ratio of 12.55. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.

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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Analyst Recommendations for Royal Mail (LON:RMG)

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