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JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Royal Mail (LON:RMG) in a report published on Wednesday, Borsen Zeitung reports. The firm currently has a GBX 252 ($3.29) price target on the stock.
A number of other research analysts have also recently commented on RMG. Goldman Sachs Group restated a buy rating on shares of Royal Mail in a research note on Monday, June 10th. Societe Generale upgraded Royal Mail to a hold rating and reduced their price objective for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Morgan Stanley upgraded Royal Mail to an equal weight rating in a research note on Monday, July 15th. Liberum Capital reiterated a hold rating on shares of Royal Mail in a research note on Thursday, July 18th. Finally, Credit Suisse Group reduced their price objective on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a research note on Wednesday, May 29th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Royal Mail currently has a consensus rating of Hold and an average price target of GBX 250.46 ($3.27).
LON:RMG opened at GBX 206.60 ($2.70) on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The stock’s fifty day moving average is GBX 208.33 and its two-hundred day moving average is GBX 232.39. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 492.50 ($6.44). The stock has a market capitalization of $2.04 billion and a price-to-earnings ratio of 11.81.
In other Royal Mail news, insider Rico Back bought 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders purchased 51,796 shares of company stock worth $10,308,553 in the last three months.
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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