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Royal Mail (LON:RMG – Get Rating)‘s stock had its “buy” rating reaffirmed by equities researchers at Citigroup in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 410 ($4.90) target price on the stock. Citigroup’s price objective indicates a potential upside of 40.99% from the stock’s previous close.
RMG has been the subject of a number of other reports. Barclays reaffirmed an “overweight” rating and issued a GBX 320 ($3.83) target price on shares of Royal Mail in a research note on Thursday. Berenberg Bank dropped their price target on shares of Royal Mail from GBX 575 ($6.87) to GBX 480 ($5.74) and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Royal Mail from GBX 632 ($7.56) to GBX 360 ($4.30) and set an “overweight” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 240 ($2.87) price target on shares of Royal Mail in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 426.88 ($5.10).
Royal Mail Trading Up 0.3 %
Shares of RMG stock opened at GBX 290.80 ($3.48) on Thursday. Royal Mail has a 12-month low of GBX 257.43 ($3.08) and a 12-month high of GBX 535.20 ($6.40). The company has a market capitalization of £2.78 billion and a P/E ratio of 476.72. The firm has a 50-day moving average price of GBX 290.44 and a 200 day moving average price of GBX 355.12. The company has a quick ratio of 1.06, a current ratio of 1.10 and a debt-to-equity ratio of 41.49.
Royal Mail Company Profile
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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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