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JPMorgan Chase & Co. reissued their neutral rating on shares of Royal Mail (LON:RMG) in a research report released on Wednesday morning, Digital Look reports.
A number of other research analysts have also weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a research note on Wednesday, October 9th. Barclays reaffirmed an overweight rating on shares of Royal Mail in a research note on Monday. Morgan Stanley raised shares of Royal Mail to an equal weight rating in a research note on Monday, July 15th. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a research note on Thursday, July 11th. Finally, Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company 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 2.50 ($0.03) during trading hours on Wednesday, reaching GBX 219.20 ($2.86). The company’s stock had a trading volume of 5,344,394 shares, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 186.80 ($2.44) and a one year high of GBX 371.30 ($4.85). The company has a market capitalization of $2.15 billion and a P/E ratio of 12.53. The stock’s fifty day simple moving average is GBX 212.14 and its two-hundred day simple moving average is GBX 220.46. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
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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