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Royal Mail (LON:RMG) had its price target decreased by stock analysts at JPMorgan Chase & Co. from GBX 777 ($10.55) to GBX 768 ($10.42) in a research report issued on Friday, Price Targets.com reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 54.68% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Citigroup restated a “buy” rating and issued a GBX 1,000 ($13.57) price target on shares of Royal Mail in a report on Thursday, December 16th. Barclays increased their price target on Royal Mail from GBX 550 ($7.47) to GBX 640 ($8.69) and gave the stock an “overweight” rating in a report on Thursday, January 6th. Peel Hunt reaffirmed a “buy” rating and set a GBX 625 ($8.48) price objective on shares of Royal Mail in a research report on Thursday, November 18th. Liberum Capital reaffirmed a “hold” rating and set a GBX 560 ($7.60) price objective on shares of Royal Mail in a research report on Tuesday, December 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 763 ($10.36) price objective on shares of Royal Mail in a research report on Friday, November 19th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 711.64 ($9.66).
Shares of Royal Mail stock opened at GBX 496.50 ($6.74) on Friday. Royal Mail has a 1 year low of GBX 380 ($5.16) and a 1 year high of GBX 613.80 ($8.33). The business has a 50-day moving average of GBX 492.03 and a two-hundred day moving average of GBX 496.87. The company has a market capitalization of £4.95 billion and a P/E ratio of 5.69. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.31 and a quick ratio of 1.28.
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About Royal Mail
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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