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Royal Mail (LON:RMG) was upgraded by equities research analysts at Berenberg Bank to a “buy” rating in a research report issued on Friday, Price Targets.com reports. The firm presently has a GBX 650 ($8.62) target price on the stock, up from their prior target price of GBX 530 ($7.03). Berenberg Bank’s target price suggests a potential upside of 32.49% from the stock’s current price.
Several other equities research analysts have also weighed in on RMG. Liberum Capital restated a “hold” rating and set a GBX 560 ($7.43) price target on shares of Royal Mail in a research report on Thursday, November 18th. Barclays reaffirmed an “overweight” rating and issued a GBX 550 ($7.29) target price on shares of Royal Mail in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Royal Mail to GBX 777 ($10.30) and set an “overweight” rating for the company in a research report on Monday, November 22nd. Peel Hunt reaffirmed a “buy” rating and set a GBX 625 ($8.29) target price on shares of Royal Mail in a research note on Thursday, November 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 763 ($10.12) price target on shares of Royal Mail in a research report on Friday, November 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 667.91 ($8.86).
RMG stock opened at GBX 490.60 ($6.51) on Friday. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.31 and a quick ratio of 1.28. Royal Mail has a 1 year low of GBX 310.54 ($4.12) and a 1 year high of GBX 613.80 ($8.14). The firm has a 50-day moving average of GBX 455.99 and a 200 day moving average of GBX 926.67. The company has a market cap of £4.90 billion and a P/E ratio of 5.64.
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Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
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