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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reissued by Barclays in a research note issued to investors on Monday, October 14th, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently issued reports on the company. Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Royal Bank of Canada cut their target price on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Liberum Capital cut Royal Mail to a “sell” rating in a report on Tuesday, September 24th. Morgan Stanley upgraded Royal Mail to an “equal weight” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Royal Mail in a report on Friday, September 20th. 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’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 215.50 ($2.82).
Shares of LON:RMG traded down GBX 3.20 ($0.04) on Monday, hitting GBX 216.80 ($2.83). 2,782,876 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The company has a market capitalization of $2.17 billion and a PE ratio of 12.39. 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 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 367 ($4.80). The firm’s 50-day moving average is GBX 214.45 and its 200 day moving average is GBX 217.50.
Royal Mail Company Profile
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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