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JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Royal Mail (LON:RMG – Get Rating) in a report issued on Thursday, MarketBeat.com reports. The firm currently has a GBX 702 ($9.13) price target on the stock.
Several other analysts also recently weighed in on RMG. Liberum Capital downgraded Royal Mail to a sell rating and cut their target price for the company from GBX 470 ($6.12) to GBX 355 ($4.62) in a research note on Wednesday, March 2nd. Berenberg Bank restated a buy rating and issued a GBX 650 ($8.46) target price on shares of Royal Mail in a report on Friday, March 25th. Barclays restated an overweight rating and issued a GBX 400 ($5.20) target price on shares of Royal Mail in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut Royal Mail to a sell rating and decreased their target price for the stock from GBX 680 ($8.85) to GBX 275 ($3.58) in a report on Tuesday, March 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of GBX 620.82 ($8.08).
LON:RMG opened at GBX 353.60 ($4.60) on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 43.81. The business’s 50 day moving average is GBX 359.98 and its two-hundred day moving average is GBX 429.70. Royal Mail has a 52 week low of GBX 317.15 ($4.13) and a 52 week high of GBX 613.80 ($7.99). The company has a market cap of £3.38 billion and a PE ratio of 4.06.
About Royal Mail (Get Rating)
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
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