Royal Mail (LON:RMG) Receives Overweight Rating from Barclays

Royal Mail (LON:RMG)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 250 ($3.27) price target on the stock. Barclays‘s price target would suggest a potential upside of 25.06% from the company’s previous close.

Several other research firms have also issued reports on RMG. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Deutsche Bank reiterated a “sell” rating and issued a GBX 150 ($1.96) target price on shares of Royal Mail in a research note on Friday. Goldman Sachs Group lowered their price target on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a report on Monday, October 28th. Royal Bank of Canada lowered their price target on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Finally, Liberum Capital reissued a “sell” rating on shares of Royal Mail in a report on Thursday. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Royal Mail has a consensus rating of “Hold” and a consensus target price of GBX 212.75 ($2.78).

RMG opened at GBX 199.90 ($2.61) on Thursday. The business’s 50-day moving average is GBX 216.66 and its two-hundred day moving average is GBX 214.68. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 347.50 ($4.54). 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 capitalization of $2.01 billion and a PE ratio of 11.42.

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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