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Royal Mail (LON:RMG)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, August 20th, ThisIsMoney.Co.Uk reports.
Several other research firms have also weighed in on RMG. Credit Suisse Group reduced their price objective 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. HSBC downgraded shares of Royal Mail to a “hold” rating and lowered their price objective for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Liberum Capital restated a “hold” rating on shares of Royal Mail in a report on Thursday, July 18th. Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a report on Friday, July 12th. Finally, Morgan Stanley upgraded shares of Royal Mail to an “equal weight” rating in a report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded up GBX 6.60 ($0.09) during mid-day trading on Tuesday, reaching GBX 217.40 ($2.84). 4,275,652 shares of the stock were exchanged, compared to its average volume of 5,850,000. 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 firm has a 50-day simple moving average of GBX 207.28 and a 200 day simple moving average of GBX 230.10. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company has a market cap of $2.17 billion and a price-to-earnings ratio of 12.42.
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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