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JPMorgan Chase & Co. lowered shares of Royal Mail (LON:RMG) to an underweight rating in a report issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 192 ($2.51) target price on the stock, down from their previous target price of GBX 252 ($3.29).
Other equities analysts have also issued reports about the company. Goldman Sachs Group cut their price objective on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a buy rating on the stock in a research note on Monday. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Morgan Stanley raised Royal Mail to an equal weight rating in a research note on Monday, July 15th. Royal Bank of Canada cut their price objective on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a research note on Wednesday, October 9th. Finally, Liberum Capital lowered Royal Mail to a sell rating in a research note on Tuesday, September 24th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 215.50 ($2.82).
Shares of RMG stock opened at GBX 213.54 ($2.79) on Tuesday. The company has a 50 day moving average price of GBX 215.51 and a 200 day moving average price of GBX 218.45. 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 firm has a market capitalization of $2.14 billion and a price-to-earnings ratio of 12.20. Royal Mail has a one year low of GBX 186.80 ($2.44) and a one year high of GBX 370 ($4.83).
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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