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Barclays reaffirmed their overweight rating on shares of Royal Mail (LON:RMG) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
RMG has been the subject of several other reports. Liberum Capital cut shares of Royal Mail to a sell rating in a report on Tuesday, September 24th. Royal Bank of Canada decreased their price target on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. Berenberg Bank reiterated a hold rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a research note on Thursday, June 20th. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research note on Friday, July 12th. Finally, Jefferies Financial Group reiterated an underperform rating on shares of Royal Mail in a research note on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 221.33 ($2.89).
RMG stock opened at GBX 212 ($2.77) on Monday. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The stock has a market cap of $2.13 billion and a P/E ratio of 12.11. The firm has a 50 day simple moving average of GBX 211.09 and a 200 day simple moving average of GBX 220.70. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 371.30 ($4.85).
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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