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Royal Mail (LON:RMG) had its target price hoisted by Deutsche Bank Aktiengesellschaft to GBX 708 ($9.25) in a note issued to investors on Thursday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 41.04% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Berenberg Bank raised their target price on Royal Mail from GBX 280 ($3.66) to GBX 355 ($4.64) and gave the company a “hold” rating in a research note on Monday, February 15th. JPMorgan Chase & Co. raised their price target on Royal Mail to GBX 704 ($9.20) and gave the company an “overweight” rating in a report on Thursday. Citigroup reissued a “buy” rating and set a GBX 600 ($7.84) price target on shares of Royal Mail in a report on Tuesday, February 16th. Bank of America raised their price target on Royal Mail from GBX 260 ($3.40) to GBX 310 ($4.05) and gave the company a “neutral” rating in a report on Thursday, November 19th. Finally, Barclays raised their price target on Royal Mail from GBX 200 ($2.61) to GBX 300 ($3.92) and gave the company an “overweight” rating in a report on Friday, November 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Royal Mail has an average rating of “Hold” and an average price target of GBX 343.73 ($4.49).
RMG stock traded up GBX 6.48 ($0.08) during mid-day trading on Thursday, reaching GBX 501.98 ($6.56). The company had a trading volume of 4,092,298 shares, compared to its average volume of 3,514,488. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 43.44. The stock has a market capitalization of £5.02 billion and a P/E ratio of 228.17. Royal Mail has a one year low of GBX 118.86 ($1.55) and a one year high of GBX 507.80 ($6.63). The stock’s 50-day simple moving average is GBX 441.96 and its two-hundred day simple moving average is GBX 318.27.
Medical cannabis stocks have delivered solid gains over the last 3 years. In fact, since 2017, 21 medical cannabis stocks have soared by more than 1,000%.
Yet, with medical cannabis sales expected to triple by 2026, the market still offers significant profit potential.
In other news, insider Keith Williams bought 6,800 shares of the stock in a transaction that occurred on Thursday, February 11th. The shares were purchased at an average cost of GBX 466 ($6.09) per share, with a total value of £31,688 ($41,400.57).
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, the Western United States, Canada, Croatia, the Czech Republic, Hungary, Romania, Slovakia, and Slovenia. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
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7 Undervalued Stocks That Deserve More Attention
With the Dow Jones Industrial Average (DJIA) hitting new highs seemingly every day, it may seem like the wrong time to be looking at undervalued stocks. Or is it?
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View the “7 Undervalued Stocks That Deserve More Attention”.
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