Royal Mail PLC (LON:RMG) Receives Consensus Rating of “Hold” from Analysts

Shares of Royal Mail PLC (LON:RMG) have been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 235.43 ($3.08).

RMG has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded shares of Royal Mail to an “underweight” rating and cut their price target for the company from GBX 252 ($3.29) to GBX 192 ($2.51) in a report on Tuesday, October 29th. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Goldman Sachs Group cut their price target on shares of Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a report on Monday, October 28th. Liberum Capital downgraded shares of Royal Mail to a “sell” rating in a report on Tuesday, September 24th. Finally, Barclays reissued an “overweight” rating on shares of Royal Mail in a report on Monday, October 14th.

Shares of RMG stock opened at GBX 232.10 ($3.03) on Monday. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 347.50 ($4.54). The company has a market capitalization of $2.29 billion and a P/E ratio of 13.26. The firm has a 50-day moving average price of GBX 215.01 and a 200 day moving average price of GBX 215.81. 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 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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