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Liberum Capital downgraded shares of Royal Mail (LON:RMG) to a sell rating in a report published on Tuesday, September 24th, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently weighed in on RMG. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Royal Mail in a research note on Friday, September 20th. Credit Suisse Group lowered their price target on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating for the company in a report on Wednesday, May 29th. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a report on Friday, July 12th. Berenberg Bank reiterated a hold rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Thursday, June 20th. Finally, Societe Generale upgraded shares of Royal Mail to a hold rating and lowered their target price for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Royal Mail has an average rating of Hold and an average price target of GBX 246.33 ($3.22).
Royal Mail stock opened at GBX 200.30 ($2.62) on Tuesday. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 491.10 ($6.42). The company’s 50 day simple moving average is GBX 209.93 and its 200-day simple moving average is GBX 223.88. The company has a market capitalization of $2.00 billion and a price-to-earnings ratio of 11.45. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
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.
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