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

Royal Mail (LON:RMG – Get Rating)‘s stock had its “overweight” rating restated by Barclays in a report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 400 ($5.20) price objective on the stock. Barclays‘s target price would indicate a potential upside of 16.89% from the company’s previous close.

RMG has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered Royal Mail to a “sell” rating and reduced their price target for the stock from GBX 680 ($8.85) to GBX 275 ($3.58) in a research note on Tuesday, March 29th. Liberum Capital cut Royal Mail to a “sell” rating and lowered their price target for the company from GBX 470 ($6.12) to GBX 355 ($4.62) in a report on Wednesday, March 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Royal Mail from GBX 777 ($10.11) to GBX 768 ($9.99) and set an “overweight” rating for the company in a research note on Friday, January 14th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.46) target price on shares of Royal Mail in a report on Friday, March 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 620.82 ($8.08).

Shares of RMG opened at GBX 342.20 ($4.45) on Wednesday. Royal Mail has a 1 year low of GBX 317.15 ($4.13) and a 1 year high of GBX 613.80 ($7.99). The company’s 50 day simple moving average is GBX 363.27 and its 200 day simple moving average is GBX 431.45. The company has a market capitalization of £3.27 billion and a price-to-earnings ratio of 3.92. The company has a debt-to-equity ratio of 43.81, a quick ratio of 1.28 and a current ratio of 1.31.

Royal Mail Company Profile (Get Rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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