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Royal Mail (LON:RMG – Get Rating)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a GBX 320 ($3.87) price objective on the stock. Barclays‘s price target suggests a potential upside of 19.23% from the company’s previous close.
A number of other analysts also recently issued reports on the company. Citigroup reaffirmed a “buy” rating and set a GBX 410 ($4.95) price objective on shares of Royal Mail in a report on Thursday, July 21st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Royal Mail in a report on Wednesday. Berenberg Bank dropped their target price on shares of Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) and set a “buy” rating on the stock in a report on Thursday, July 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Royal Mail from GBX 240 ($2.90) to GBX 222 ($2.68) and set a “sell” rating on the stock in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 424.63 ($5.13).
Royal Mail Stock Performance
Shares of RMG opened at GBX 268.40 ($3.24) on Thursday. The business has a 50-day simple moving average of GBX 278.22 and a two-hundred day simple moving average of GBX 332.48. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 41.49. Royal Mail has a 52 week low of GBX 255.50 ($3.09) and a 52 week high of GBX 531.40 ($6.42). The stock has a market cap of £2.57 billion and a price-to-earnings ratio of 440.00.
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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