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Barclays reiterated their overweight rating on shares of Royal Mail (LON:RMG) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.
Other equities research analysts also recently issued reports about the company. Deutsche Bank restated a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Royal Bank of Canada decreased 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 report on Wednesday, October 9th. Liberum Capital downgraded Royal Mail to a sell rating in a research report on Tuesday, September 24th. Jefferies Financial Group restated an underperform rating on shares of Royal Mail in a research report on Thursday, July 11th. Finally, Berenberg Bank restated a hold rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Thursday, June 20th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 221.33 ($2.89).
Shares of RMG stock opened at GBX 216.70 ($2.83) on Monday. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 371.30 ($4.85). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The stock’s 50 day simple moving average is GBX 212.14 and its two-hundred day simple moving average is GBX 220.46. The company has a market cap of $2.17 billion and a PE ratio of 12.38.
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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