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Royal Mail (LON:RMG)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the company. Jefferies Financial Group reissued an “underperform” rating on shares of Royal Mail in a research report on Thursday, July 11th. Morgan Stanley raised Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. Liberum Capital reaffirmed a “hold” rating on shares of Royal Mail in a research report on Thursday, July 18th. Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a research report on Friday, July 12th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Mail in a research report on Monday, June 10th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Royal Mail has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Shares of LON:RMG opened at GBX 230 ($3.01) on Friday. The business has a 50-day moving average price of GBX 208.34 and a 200 day moving average price of GBX 227.64. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company has a market capitalization of $2.23 billion and a price-to-earnings ratio of 13.14. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 491.10 ($6.42).
About Royal Mail
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.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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