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Royal Mail (LON:RMG)‘s stock had its “underperform” rating restated by investment analysts at Credit Suisse Group in a research note issued to investors on Thursday, October 17th, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also issued reports on RMG. Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. Jefferies Financial Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Liberum Capital lowered shares of Royal Mail to a “sell” rating in a research note on Tuesday, September 24th. Royal Bank of Canada cut their price target on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Mail in a research note on Monday, October 14th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 215.50 ($2.82).
LON RMG traded up GBX 4.90 ($0.06) during trading hours on Thursday, reaching GBX 216.50 ($2.83). The company had a trading volume of 2,716,192 shares, compared to its average volume of 5,850,000. The stock has a 50-day moving average of GBX 215.26 and a 200 day moving average of GBX 218.29. Royal Mail has a 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 370 ($4.83). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The stock has a market capitalization of $2.18 billion and a P/E ratio of 12.37.
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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