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Royal Mail (LON:RMG)‘s stock had its “overweight” rating restated by Barclays in a research note issued to investors on Thursday, November 21st, Digital Look reports. They currently have a GBX 250 ($3.29) price objective on the stock. Barclays‘s price target would suggest a potential upside of 5.71% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Royal Bank of Canada lowered their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a report on Wednesday, October 9th. Liberum Capital restated a “sell” rating and set a GBX 175 ($2.30) target price (down from GBX 185 ($2.43)) on shares of Royal Mail in a report on Thursday, November 21st. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. JPMorgan Chase & Co. lowered their target price on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a report on Friday, November 22nd. Finally, Deutsche Bank reiterated a “sell” rating and issued a GBX 150 ($1.97) price objective on shares of Royal Mail in a report on Friday, November 22nd. Five equities research 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 company currently has a consensus rating of “Hold” and an average target price of GBX 211.54 ($2.78).
Shares of RMG stock opened at GBX 236.50 ($3.11) on Thursday. The firm has a market cap of $2.37 billion and a PE ratio of 7.32. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 315.70 ($4.15). The company’s fifty day simple moving average is GBX 218.34 and its 200-day simple moving average is GBX 211.79. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
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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