Related Articles
JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Royal Mail (LON:RMG) in a report published on Wednesday morning, Digital Look reports.
Other equities research analysts have also issued reports about the stock. Morgan Stanley upgraded shares of Royal Mail to an equal weight rating in a research note on Monday, July 15th. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. Royal Bank of Canada reduced their target price on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. Liberum Capital downgraded shares of Royal Mail to a sell rating in a report on Tuesday, September 24th. Finally, Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a report on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 221.33 ($2.89).
Shares of LON:RMG traded up GBX 2.50 ($0.03) during midday trading on Wednesday, reaching GBX 219.20 ($2.86). 5,344,394 shares of the company were exchanged, compared to its average volume of 5,850,000. Royal Mail has a fifty-two week low of GBX 186.80 ($2.44) and a fifty-two week high of GBX 371.30 ($4.85). 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 has a fifty day simple moving average of GBX 212.14 and a two-hundred day simple moving average of GBX 220.46. The firm has a market cap of $2.15 billion and a PE ratio of 12.53.
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.
Read More: High-Yield Dividend 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
