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JPMorgan Chase & Co. downgraded shares of Royal Mail (LON:RMG) to an underweight rating in a research report sent to investors on Tuesday, October 29th, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has GBX 192 ($2.51) price objective on the stock, down from their previous price objective of GBX 252 ($3.29).
A number of other brokerages also recently issued reports on RMG. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a research report on Thursday, July 11th. Liberum Capital cut Royal Mail to a sell rating in a research note on Tuesday, September 24th. Royal Bank of Canada cut their price target on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a report on Wednesday, October 9th. Finally, Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a report on Friday, July 12th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 215.50 ($2.82).
RMG stock traded down GBX 1.20 ($0.02) during trading on Tuesday, hitting GBX 231.30 ($3.02). 4,706,547 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. 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 market capitalization of $2.33 billion and a P/E ratio of 13.22. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 347.50 ($4.54). The business has a fifty day simple moving average of GBX 216.55 and a two-hundred day simple moving average of GBX 215.35.
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.
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