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Royal Mail (LON:RMG)‘s stock had its “overweight” rating restated by analysts at Barclays in a report released on Monday, October 14th, ThisIsMoney.Co.Uk reports.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Royal Mail in a research note on Friday, September 20th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Thursday, June 20th. Royal Bank of Canada cut their price target 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. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Royal Mail presently has an average rating of “Hold” and a consensus price target of GBX 215.50 ($2.82).
LON:RMG traded down GBX 10.70 ($0.14) during trading hours on Monday, reaching GBX 211.50 ($2.76). 4,443,602 shares of the company were exchanged, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The firm has a market cap of $2.11 billion and a price-to-earnings ratio of 12.09. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 370 ($4.83). The stock has a 50 day simple moving average of GBX 216 and a 200 day simple moving average of GBX 218.88.
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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