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Royal Mail (LON:RMG)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, October 16th, Digital Look reports.
A number of other analysts have also recently commented on the stock. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Thursday, June 20th. Morgan Stanley raised shares of Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. Barclays reissued an “overweight” rating on shares of Royal Mail in a research report on Monday, October 14th. Finally, Liberum Capital cut shares of Royal Mail to a “sell” rating in a research report on Tuesday, September 24th. Five research 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 stock has a consensus rating of “Hold” and a consensus target price of GBX 215.50 ($2.82).
Shares of LON:RMG opened at GBX 213.54 ($2.79) on Wednesday. The company has a fifty day moving average of GBX 215.51 and a 200-day moving average of GBX 218.45. The company has a market capitalization of $2.14 billion and a PE ratio of 12.20. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 370 ($4.83).
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: Book Value Of Equity Per Share – BVPS Explained
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