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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued on Thursday, November 21st, Digital Look reports. They presently have a GBX 250 ($3.27) target price on the stock. Barclays‘s price objective indicates a potential upside of 14.42% from the company’s previous close.
Several other equities research analysts also recently commented on RMG. Deutsche Bank restated a “sell” rating and set a GBX 150 ($1.96) price objective on shares of Royal Mail in a report on Friday, November 22nd. Goldman Sachs Group reduced their price target on shares of Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price target on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating for the company in a research note on Friday, November 22nd. Royal Bank of Canada dropped their price objective 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 research note on Wednesday, October 9th. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 211.54 ($2.76).
Shares of RMG traded up GBX 4.80 ($0.06) during trading hours on Thursday, hitting GBX 218.50 ($2.86). The stock had a trading volume of 3,494,047 shares, compared to its average volume of 5,850,000. The firm has a 50 day simple moving average of GBX 217.59 and a 200-day simple moving average of GBX 212.17. The firm has a market capitalization of $2.19 billion and a P/E ratio of 6.76. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. Royal Mail has a 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 315.70 ($4.13).
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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