Royal Mail (LON:RMG) Stock Rating Reaffirmed by Barclays

Royal Mail (LON:RMG)‘s stock had its “overweight” rating reaffirmed by Barclays in a research report issued on Monday, October 14th, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also commented on the stock. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Royal Mail in a report on Friday, September 20th. Royal Bank of Canada decreased their price objective on shares of 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. Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a report on Thursday, June 20th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Royal Mail has an average rating of “Hold” and an average target price of GBX 215.50 ($2.82).

Shares of RMG stock traded up GBX 0.70 ($0.01) on Monday, reaching GBX 211.60 ($2.76). The stock had a trading volume of 2,486,105 shares, compared to its average volume of 5,850,000. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 370 ($4.83). The company has a 50 day simple moving average of GBX 215.87 and a 200 day simple moving average of GBX 218.67. The stock has a market cap of $2.12 billion and a P/E ratio of 12.09. 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.

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