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Royal Mail (LON:RMG)‘s stock had its “underweight” rating reissued by JPMorgan Chase & Co. in a note issued to investors on Monday, Digital Look reports.
A number of other research firms have also weighed in on RMG. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Barclays reissued an “overweight” rating on shares of Royal Mail in a report on Friday, January 10th. Societe Generale cut their target price on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a report on Wednesday, December 4th. Sanford C. Bernstein lowered shares of Royal Mail to a “market perform” rating and cut their target price for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Finally, Goldman Sachs Group cut their target price on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a report on Monday, November 25th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
RMG stock opened at GBX 206.86 ($2.72) on Monday. The firm has a fifty day moving average price of GBX 226.42 and a 200 day moving average price of GBX 216.34. Royal Mail has a fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 308.50 ($4.06). The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market cap of $2.08 billion and a PE ratio of 6.40.
In other news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have acquired 300,128 shares of company stock valued at $70,229,880 over the last ninety days.
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.
See Also: How To Calculate Debt-to-Equity Ratio
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