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Royal Mail (LON:RMG – Get Rating)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a report issued on Monday, Marketbeat Ratings reports. They presently have a GBX 640 ($8.32) price objective on the stock. Barclays’s target price would suggest a potential upside of 81.20% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Peel Hunt reissued a “buy” rating and issued a GBX 625 ($8.13) price objective on shares of Royal Mail in a report on Thursday, November 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 650 ($8.45) price target on shares of Royal Mail in a report on Thursday, February 24th. Citigroup reaffirmed a “buy” rating and set a GBX 1,000 ($13.00) price objective on shares of Royal Mail in a research note on Thursday, December 16th. JPMorgan Chase & Co. decreased their target price on shares of Royal Mail from GBX 777 ($10.10) to GBX 768 ($9.99) and set an “overweight” rating for the company in a research note on Friday, January 14th. Finally, Peel Hunt restated a “buy” rating and set a GBX 625 ($8.13) price target on shares of Royal Mail in a research report on Thursday, November 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 685.45 ($8.91).
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Shares of Royal Mail stock opened at GBX 353.20 ($4.59) on Monday. The stock has a market cap of £3.41 billion and a PE ratio of 4.04. The firm has a fifty day moving average price of GBX 434.26 and a 200 day moving average price of GBX 459.84. Royal Mail has a 1 year low of GBX 330.60 ($4.30) and a 1 year high of GBX 613.80 ($7.98). The company has a debt-to-equity ratio of 43.81, a current ratio of 1.31 and a quick ratio of 1.28.
About Royal Mail (Get Rating)
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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