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Royal Mail (LON:RMG)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a report released on Friday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the company. Goldman Sachs Group restated a “buy” rating on shares of Royal Mail in a research report on Monday, June 10th. Berenberg Bank restated a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Thursday, June 20th. Societe Generale upgraded Royal Mail to a “hold” rating and reduced their price objective for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. HSBC downgraded Royal Mail to a “hold” rating and reduced their price objective for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Royal Mail in a research report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
Shares of LON:RMG opened at GBX 230 ($3.01) on Friday. 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 has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 491.10 ($6.42). The stock’s fifty day simple moving average is GBX 208.34 and its 200-day simple moving average is GBX 227.64. The company has a market capitalization of $2.23 billion and a P/E ratio of 13.14.
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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