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JPMorgan Chase & Co. cut shares of Royal Mail (LON:RMG) to an underweight rating in a report released 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).
Several other research firms have also recently weighed in on RMG. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a research report on Thursday, July 11th. Liberum Capital cut shares of Royal Mail to a sell rating in a research report on Tuesday, September 24th. Goldman Sachs Group lowered their target price on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a buy rating for the company in a research note on Monday, October 28th. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Finally, Morgan Stanley raised Royal Mail to an equal weight rating in a research note on Monday, July 15th. Five 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 company. The stock currently has an average rating of Hold and a consensus price target of GBX 215.50 ($2.82).
Shares of Royal Mail stock traded down GBX 3.30 ($0.04) during trading on Tuesday, reaching GBX 219.70 ($2.87). The company’s stock had a trading volume of 3,137,327 shares, compared to its average volume of 5,850,000. The business’s 50-day moving average price is GBX 214.30 and its 200-day moving average price is GBX 216.85. The firm has a market cap of $2.20 billion and a PE ratio of 12.55. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week 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.
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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