Related Articles
JPMorgan Chase & Co. lowered shares of Royal Mail (LON:RMG) to an underweight rating in a report published on Tuesday, October 29th, ThisIsMoney.Co.Uk reports. They currently have GBX 192 ($2.51) target price on the stock, down from their prior target price of GBX 252 ($3.29).
Other equities analysts have also issued reports about the stock. Deutsche Bank restated a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Barclays restated an overweight rating on shares of Royal Mail in a research report on Monday, October 14th. Morgan Stanley upgraded shares of Royal Mail to an equal weight rating in a research report on Monday, July 15th. Liberum Capital lowered shares of Royal Mail to a sell rating in a research report on Tuesday, September 24th. Finally, Goldman Sachs Group reduced their target price on shares of Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a buy rating on the stock in a research report on Monday, October 28th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 215.50 ($2.82).
LON:RMG opened at GBX 222.50 ($2.91) on Tuesday. The firm has a market cap of $2.20 billion and a PE ratio of 12.71. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 367 ($4.80). 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 company’s 50-day moving average price is GBX 214.25 and its two-hundred day moving average price is GBX 217.27.
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.
See Also: What is meant by holder of record?
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
