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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by stock analysts at Liberum Capital in a note issued to investors on Thursday, Stock Target Advisor reports.
Several other brokerages also recently weighed in on RMG. Goldman Sachs Group lowered their price target on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a report on Monday, October 28th. Royal Bank of Canada reduced their price target on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut Royal Mail to an “underweight” rating and reduced their price target for the company from GBX 252 ($3.29) to GBX 192 ($2.51) in a research report on Tuesday, October 29th. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Mail in a research report on Monday, October 14th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Royal Mail has a consensus rating of “Hold” and a consensus target price of GBX 212.75 ($2.78).
Shares of LON RMG opened at GBX 199.90 ($2.61) on Thursday. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market cap of $2.01 billion and a PE ratio of 11.42. The business has a 50-day simple moving average of GBX 216.66 and a two-hundred day simple moving average of GBX 214.68. Royal Mail has a fifty-two week low of GBX 186.80 ($2.44) and a fifty-two week high of GBX 347.50 ($4.54).
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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