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JPMorgan Chase & Co. restated their neutral rating on shares of Royal Mail (LON:RMG) in a research note published on Wednesday, August 28th, Borsen Zeitung reports. The firm currently has a GBX 252 ($3.29) target price on the stock.
A number of other research analysts have also commented on RMG. Goldman Sachs Group reaffirmed a buy rating on shares of Royal Mail in a research report on Monday, June 10th. Credit Suisse Group decreased their target price on 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. Liberum Capital reissued a hold rating on shares of Royal Mail in a research report on Thursday, July 18th. Barclays reissued an overweight rating on shares of Royal Mail in a research report on Friday, July 12th. Finally, Societe Generale raised Royal Mail to a hold rating and decreased their target price for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. 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 company’s stock. The stock has an average rating of Hold and an average price target of GBX 250.46 ($3.27).
Shares of LON RMG traded up GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 225.30 ($2.94). The company had a trading volume of 10,474,806 shares, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 186.80 ($2.44) and a one year high of GBX 491.10 ($6.42). 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’s fifty day moving average price is GBX 208.34 and its 200-day moving average price is GBX 227.64. The stock has a market cap of $2.24 billion and a PE ratio of 12.87.
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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