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JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Royal Mail (LON:RMG) in a report published on Wednesday, August 28th, Borsen Zeitung reports. JPMorgan Chase & Co. currently has a GBX 252 ($3.29) price target on the stock.
A number of other equities analysts have also commented on RMG. Credit Suisse Group cut 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. Goldman Sachs Group reiterated a buy rating on shares of Royal Mail in a report on Monday, June 10th. Morgan Stanley upgraded Royal Mail to an equal weight rating in a report on Monday, July 15th. Jefferies Financial Group restated an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. Finally, Berenberg Bank restated a hold rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a report on Thursday, June 20th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail presently has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).
The company’s 50 day moving average price is GBX 207.28 and its 200-day moving average price is GBX 230.10. 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 firm has a market capitalization of $2.17 billion and a price-to-earnings ratio of 12.42. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 492.50 ($6.44).
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.
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