Related Articles
Royal Mail (LON:RMG)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a GBX 252 ($3.29) price target on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 21.15% from the company’s current price.
A number of other analysts have also recently issued reports on RMG. 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 set a GBX 240 ($3.14) target price on shares of Royal Mail in a research note on Thursday, June 20th. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. Liberum Capital reaffirmed a “hold” rating on shares of Royal Mail in a research note on Thursday, July 18th. Finally, HSBC cut shares of Royal Mail to a “hold” rating and cut their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
Shares of LON RMG opened at GBX 208 ($2.72) on Wednesday. The firm has a fifty day moving average price of GBX 208.29 and a 200-day moving average price of GBX 232.07. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The stock has a market cap of $2.08 billion and a PE ratio of 11.89. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 492.50 ($6.44).
In related news, insider Rico Back bought 51,702 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have purchased 51,796 shares of company stock valued at $10,308,553 over the last ninety days.
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.
See Also: Penny Stocks
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
