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Royal Mail (LON:RMG) received a GBX 252 ($3.29) target price from equities research analysts at JPMorgan Chase & Co. in a report issued on Wednesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 21.80% from the company’s previous close.
Several other brokerages also recently commented on RMG. Barclays reiterated an “overweight” rating on shares of Royal Mail in a report on Friday, July 12th. Berenberg Bank reiterated a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Thursday, June 20th. Morgan Stanley upgraded Royal Mail to an “equal weight” rating in a report on Monday, July 15th. Societe Generale upgraded Royal Mail to a “hold” rating and lowered their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Finally, Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a report on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
LON:RMG opened at GBX 206.90 ($2.70) on Wednesday. The stock’s 50 day moving average price is GBX 208.48 and its 200 day moving average price is GBX 232.72. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 492.50 ($6.44). The company has a market capitalization of $2.07 billion and a P/E ratio of 11.82. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
In related news, insider Rico Back purchased 51,702 shares of the stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last quarter, insiders have acquired 51,796 shares of company stock worth $10,308,553.
About Royal Mail
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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