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JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Royal Mail (LON:RMG) in a research note published on Wednesday, August 28th, Borsen Zeitung reports. JPMorgan Chase & Co. currently has a GBX 252 ($3.29) price target on the stock.
Several other analysts also recently commented on RMG. Berenberg Bank reaffirmed a hold rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Thursday, June 20th. Credit Suisse Group reduced their price objective on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating for the company in a research report on Wednesday, May 29th. Societe Generale raised shares of Royal Mail to a hold rating and reduced their price objective for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Liberum Capital reissued a hold rating on shares of Royal Mail in a research report on Thursday, July 18th. Finally, HSBC downgraded shares of Royal Mail to a hold rating and reduced their price target for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of RMG stock opened at GBX 210.80 ($2.75) on Wednesday. The company has a market cap of $2.11 billion and a price-to-earnings ratio of 12.05. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 492.50 ($6.44). The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The firm has a 50 day moving average of GBX 207.31 and a 200-day moving average of GBX 230.41.
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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