Home / Royal Mail / Royal Mail (LON:RMG) Rating Reiterated by JPMorgan Chase & Co.

Royal Mail (LON:RMG) Rating Reiterated by JPMorgan Chase & Co.


Royal Mail (LON:RMG – Get Rating)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, Marketbeat.com reports.

A number of other brokerages also recently weighed in on RMG. Barclays reaffirmed an “overweight” rating and set a GBX 320 ($3.87) price target on shares of Royal Mail in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Royal Mail from GBX 240 ($2.90) to GBX 222 ($2.68) and set a “sell” rating for the company in a research report on Thursday, August 4th. Berenberg Bank lowered their price objective on shares of Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) and set a “buy” rating for the company in a research report on Thursday, July 21st. Finally, Citigroup restated a “buy” rating and issued a GBX 410 ($4.95) price target on shares of Royal Mail in a research report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 424.63 ($5.13).

Royal Mail Stock Performance

LON RMG opened at GBX 268.10 ($3.24) on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 41.49. The company has a market capitalization of £2.56 billion and a P/E ratio of 439.51. Royal Mail has a 12-month low of GBX 255.50 ($3.09) and a 12-month high of GBX 531.40 ($6.42). The firm has a 50-day moving average price of GBX 278.86 and a two-hundred day moving average price of GBX 333.69.

About Royal Mail

(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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Analyst Recommendations for Royal Mail (LON:RMG)



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