Royal Mail (LON:RMG) Stock Rating Reaffirmed by Barclays

Royal Mail (LON:RMG – Get Rating)‘s stock had its “overweight” rating restated by Barclays in a research report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 400 ($5.20) price target on the stock. Barclays‘s target price points to a potential upside of 12.77% from the stock’s previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lowered Royal Mail to a “sell” rating and dropped their target price for the stock from GBX 680 ($8.85) to GBX 275 ($3.58) in a research report on Tuesday, March 29th. Liberum Capital lowered Royal Mail to a “sell” rating and lowered their price objective for the company from GBX 470 ($6.12) to GBX 355 ($4.62) in a report on Wednesday, March 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.46) price objective on shares of Royal Mail in a report on Friday, March 25th. Finally, JPMorgan Chase & Co. decreased their target price on Royal Mail from GBX 777 ($10.11) to GBX 768 ($9.99) and set an “overweight” rating for the company in a research note on Friday, January 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 620.82 ($8.08).

LON:RMG opened at GBX 354.70 ($4.61) on Wednesday. The firm has a market capitalization of £3.39 billion and a price-to-earnings ratio of 4.07. Royal Mail has a 1-year low of GBX 317.15 ($4.13) and a 1-year high of GBX 613.80 ($7.99). The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 43.81. The business’s fifty day moving average price is GBX 361.51 and its 200 day moving average price is GBX 430.57.

About Royal Mail (Get Rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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