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JPMorgan Chase & Co. restated their neutral rating on shares of Royal Mail (LON:RMG) in a research note released on Friday morning, Digital Look reports.
A number of other analysts have also recently weighed in on RMG. HSBC cut shares of Royal Mail to a hold rating and dropped their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Goldman Sachs Group reissued a buy rating on shares of Royal Mail in a research note on Monday, June 10th. Berenberg Bank reaffirmed a hold rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research note on Thursday, June 20th. Liberum Capital reiterated a hold rating on shares of Royal Mail in a report on Thursday, July 18th. Finally, Credit Suisse Group decreased their target price 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 report on Wednesday, May 29th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 250.46 ($3.27).
Royal Mail stock opened at GBX 225.30 ($2.94) on Friday. The firm’s 50-day moving average is GBX 208.69 and its 200-day moving average is GBX 227.38. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 491.10 ($6.42). The company has a market cap of $2.25 billion and a P/E ratio of 12.87.
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.
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