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Royal Mail (LON:RMG)‘s stock had its “underweight” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the stock. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research note on Friday, January 10th. Berenberg Bank raised shares of Royal Mail to a “sell” rating and cut their target price for the company from GBX 240 ($3.16) to GBX 150 ($1.97) in a research note on Tuesday. Royal Bank of Canada cut their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a research note on Tuesday, January 7th. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 204.62 ($2.69).
Shares of LON:RMG opened at GBX 191.90 ($2.52) on Wednesday. The company has a 50 day moving average of GBX 219.10 and a 200-day moving average of GBX 215.55. The firm has a market cap of $1.91 billion and a P/E ratio of 5.94. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 295.50 ($3.89). The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.
In other Royal Mail news, insider Rico Back bought 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last three months, insiders have purchased 300,128 shares of company stock valued at $70,229,880.
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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