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Royal Mail (LON:RMG – Get Rating)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a report released on Thursday, MarketBeat.com reports. They presently have a GBX 400 ($4.93) target price on the stock. Barclays‘s price objective indicates a potential upside of 27.35% from the stock’s current price.
Several other research firms have also issued reports on RMG. Liberum Capital lowered Royal Mail to a “sell” rating and dropped their price objective for the company from GBX 470 ($5.79) to GBX 355 ($4.38) in a research note on Wednesday, March 2nd. Citigroup reaffirmed a “buy” rating and issued a GBX 790 ($9.74) target price on shares of Royal Mail in a research report on Thursday, May 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 702 ($8.65) price target on shares of Royal Mail in a research report on Thursday, April 21st. Berenberg Bank cut their price objective on Royal Mail from GBX 650 ($8.01) to GBX 575 ($7.09) and set a “buy” rating on the stock in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft downgraded Royal Mail to a “sell” rating and cut their target price for the stock from GBX 680 ($8.38) to GBX 275 ($3.39) in a report on Tuesday, March 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 591.73 ($7.29).
RMG opened at GBX 314.10 ($3.87) on Thursday. Royal Mail has a 52-week low of GBX 290.20 ($3.58) and a 52-week high of GBX 613.80 ($7.57). The firm has a market capitalization of £3.00 billion and a PE ratio of 3.60. The company has a debt-to-equity ratio of 43.81, a quick ratio of 1.28 and a current ratio of 1.31. The business’s 50-day simple moving average is GBX 342.13 and its 200 day simple moving average is GBX 417.86.
Royal Mail Company Profile (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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