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Royal Mail (LON:RMG – Get Rating)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report issued on Monday, Marketbeat.com reports. They presently have a GBX 650 ($8.28) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 94.09% from the company’s current price.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 702 ($8.95) price objective on shares of Royal Mail in a research report on Thursday, April 21st. Barclays restated an “overweight” rating and set a GBX 400 ($5.10) price objective on shares of Royal Mail in a research report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft downgraded Royal Mail to a “sell” rating and cut their target price for the company from GBX 680 ($8.67) to GBX 275 ($3.50) in a research note on Tuesday, March 29th. Finally, Liberum Capital downgraded Royal Mail to a “sell” rating and cut their target price for the company from GBX 470 ($5.99) to GBX 355 ($4.52) in a research note on Wednesday, March 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 620.82 ($7.91).
LON:RMG opened at GBX 334.90 ($4.27) on Monday. Royal Mail has a 12-month low of GBX 317.15 ($4.04) and a 12-month high of GBX 613.80 ($7.82). The firm has a market capitalization of £3.20 billion and a P/E ratio of 3.84. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.31 and a quick ratio of 1.28. The business has a 50 day simple moving average of GBX 356.43 and a 200 day simple moving average of GBX 427.74.
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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