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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reissued by research analysts at Barclays in a research note issued to investors on Monday, October 14th, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also issued reports on RMG. 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 on the stock in a research report on Wednesday, October 9th. Morgan Stanley raised Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Royal Mail in a research report on Friday, September 20th. Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Royal Mail in a research report on Thursday, July 11th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 215.50 ($2.82).
Shares of LON:RMG traded down GBX 10.70 ($0.14) during trading on Monday, reaching GBX 211.50 ($2.76). 4,443,602 shares of the stock were exchanged, compared to its average volume of 5,850,000. The firm has a market cap of $2.11 billion and a price-to-earnings ratio of 12.09. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 370 ($4.83). The firm’s 50-day moving average price is GBX 216 and its 200 day moving average price is GBX 218.88. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
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.
Further Reading: What does an outperform rating mean?
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