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Royal Mail (LON:RMG)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a report released on Tuesday, August 20th, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently commented on RMG. HSBC cut shares of Royal Mail to a “hold” rating and dropped their target price for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Societe Generale upgraded shares of Royal Mail to a “hold” rating and cut their target price for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Credit Suisse Group decreased their price target on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a research report on Wednesday, May 29th. Morgan Stanley raised shares of Royal Mail to an “equal weight” rating in a research note on Monday, July 15th. Finally, Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Royal Mail presently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
Shares of RMG traded down GBX 0.20 ($0.00) during trading hours on Tuesday, hitting GBX 229 ($2.99). The company had a trading volume of 5,336,814 shares, compared to its average volume of 5,850,000. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 492.50 ($6.44). The firm has a market cap of $2.29 billion and a price-to-earnings ratio of 13.09. The business has a fifty day moving average of GBX 207.47 and a 200-day moving average of GBX 229.85.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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