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Royal Mail PLC (LON:RMG) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $208.07 and traded as low as $215.88. Royal Mail shares last traded at $223.30, with a volume of 3,330,967 shares.
Several analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Royal Mail in a report on Friday. Barclays reissued an “overweight” rating on shares of Royal Mail in a report on Friday, July 12th. Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a report on Friday, July 12th. Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Thursday, June 20th. Finally, Societe Generale raised Royal Mail to a “hold” rating and cut their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
The stock has a market cap of $2.25 billion and a P/E ratio of 12.87. 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 business has a 50 day moving average price of GBX 208.69 and a two-hundred day moving average price of GBX 227.38.
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.
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