Related Articles
Credit Suisse Group restated their underperform rating on shares of Royal Mail (LON:RMG) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently issued reports on RMG. Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a report on Friday, July 12th. Royal Bank of Canada decreased their price objective on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a report on Wednesday, October 9th. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Royal Mail in a report on Wednesday. Finally, Morgan Stanley raised Royal Mail to an equal weight rating in a report on Monday, July 15th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 221.33 ($2.89).
Shares of RMG traded up GBX 0.80 ($0.01) during mid-day trading on Thursday, hitting GBX 220 ($2.87). 4,069,009 shares of the stock were exchanged, compared to its average volume of 5,850,000. The company has a market cap of $2.20 billion and a PE ratio of 12.57. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 371.30 ($4.85). The firm has a 50-day moving average of GBX 212.55 and a two-hundred day moving average of GBX 220.36. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
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.
Recommended Story: Consumer behavior in bull markets
Source link
