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JPMorgan Chase & Co. restated their neutral rating on shares of Royal Mail (LON:RMG) in a report released on Wednesday, August 28th, Borsen Zeitung reports. They currently have a GBX 252 ($3.29) price objective on the stock.
Several other brokerages have also recently issued reports on RMG. HSBC cut shares of Royal Mail to a hold rating and dropped their price objective for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Liberum Capital reaffirmed a hold rating on shares of Royal Mail in a research note on Thursday, July 18th. Credit Suisse Group lowered their price target on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a research note on Wednesday, May 29th. Morgan Stanley raised shares of Royal Mail to an equal weight rating in a research note on Monday, July 15th. Finally, Societe Generale raised shares of Royal Mail to a hold rating and lowered their price target for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 250.46 ($3.27).
The stock has a market cap of $2.17 billion and a P/E ratio of 12.42. 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 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 492.50 ($6.44). The business’s fifty day moving average is GBX 207.28 and its 200 day moving average is GBX 230.10.
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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