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Royal Mail (LON:RMG)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, August 20th, ThisIsMoney.Co.Uk reports.
Several other research firms have also issued reports on RMG. Liberum Capital reissued a “hold” rating on shares of Royal Mail in a research report on Thursday, July 18th. Societe Generale raised shares of Royal Mail to a “hold” rating and decreased their target price for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. HSBC lowered shares of Royal Mail to a “hold” rating and decreased their target price for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a report on Friday, July 12th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Royal Mail presently has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
RMG traded down GBX 3.40 ($0.04) during midday trading on Tuesday, reaching GBX 225.60 ($2.95). The company had a trading volume of 3,945,589 shares, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The stock has a market cap of $2.26 billion and a PE ratio of 12.89. 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 business has a 50-day moving average price of GBX 207.72 and a two-hundred day moving average price of GBX 229.60.
About Royal Mail
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.
Further Reading: What is the Quick Ratio?
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