Related Articles
Royal Mail PLC (LON:RMG) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $214.12 and traded as high as $239.00. Royal Mail shares last traded at $230.80, with a volume of 6,263,928 shares trading hands.
Several equities analysts have weighed in on RMG shares. Royal Bank of Canada cut their target price 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. JPMorgan Chase & Co. lowered Royal Mail to an “underweight” rating and cut their target price for the company from GBX 252 ($3.29) to GBX 192 ($2.51) in a report on Tuesday, October 29th. Goldman Sachs Group cut their target price on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating on the stock in a report on Monday, October 28th. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Barclays restated an “overweight” rating on shares of Royal Mail in a report on Monday, October 14th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 215.50 ($2.82).
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 business has a 50 day moving average price of GBX 215.01 and a 200 day moving average price of GBX 215.81. The firm has a market capitalization of $2.29 billion and a P/E ratio of 13.26.
About Royal Mail (LON:RMG)
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.
Featured Article: What is the Hang Seng index?
Source link
