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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reissued by Barclays in a research report issued to clients and investors on Monday, October 14th, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also weighed in on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a report on Thursday, June 20th. Jefferies Financial Group reiterated an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Royal Bank of Canada lowered their target price 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 report on Wednesday, October 9th. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a report on Friday, July 12th. Finally, Morgan Stanley upgraded shares of Royal Mail to an “equal weight” rating in a report on Monday, July 15th. 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 an average rating of “Hold” and a consensus target price of GBX 215.50 ($2.82).
Shares of LON RMG traded down GBX 3.30 ($0.04) during midday trading on Monday, reaching GBX 219.70 ($2.87). 3,137,327 shares of the company were exchanged, compared to its average volume of 5,850,000. The stock’s 50-day moving average price is GBX 214.30 and its 200-day moving average price is GBX 216.85. Royal Mail has a one year low of GBX 186.80 ($2.44) and a one year high of GBX 367 ($4.80). The stock has a market cap of $2.20 billion and a P/E ratio of 12.55. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
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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