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JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Royal Mail (LON:RMG) in a research note published on Friday morning, Digital Look reports.
Several other research firms have also recently issued reports on RMG. HSBC cut shares of Royal Mail to a hold rating and decreased their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Barclays reiterated an overweight rating on shares of Royal Mail in a research note on Friday, July 12th. Credit Suisse Group cut their price target on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a research note on Wednesday, May 29th. Morgan Stanley upgraded shares of Royal Mail to an equal weight rating in a research note on Monday, July 15th. Finally, Goldman Sachs Group reiterated a buy rating on shares of Royal Mail in a research note on Monday, June 10th. Four research 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. Royal Mail presently has a consensus rating of Hold and an average price target of GBX 250.46 ($3.27).
Royal Mail stock opened at GBX 225.30 ($2.94) on Friday. The stock has a market cap of $2.25 billion and a P/E ratio of 12.87. The company has a fifty day simple moving average of GBX 208.69 and a 200-day simple moving average of GBX 227.38. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 491.10 ($6.42). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04.
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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