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Royal Mail (LON:RMG)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research report issued on Tuesday, August 20th, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently weighed in on RMG. HSBC cut shares of Royal Mail to a “hold” rating and decreased their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Goldman Sachs Group reissued a “buy” rating on shares of Royal Mail in a research report on Monday, June 10th. Berenberg Bank restated a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Thursday, June 20th. Barclays reiterated an “overweight” rating on shares of Royal Mail in a research report on Friday, July 12th. Finally, Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Royal Mail currently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Shares of RMG stock traded down GBX 0.20 ($0.00) during trading hours on Tuesday, reaching GBX 229 ($2.99). The company’s stock had a trading volume of 5,336,814 shares, compared to its average volume of 5,850,000. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a fifty-two week low of GBX 186.80 ($2.44) and a fifty-two week high of GBX 492.50 ($6.44). The company has a market capitalization of $2.29 billion and a price-to-earnings ratio of 13.09. The firm’s 50 day simple moving average is GBX 207.47 and its 200-day simple moving average is GBX 229.85.
About Royal Mail
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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