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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Monday, October 14th, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued reports about the company. Morgan Stanley upgraded Royal Mail to an “equal weight” rating in a research note on Monday, July 15th. Royal Bank of Canada reduced their price objective on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating on the stock in a research note on Wednesday, October 9th. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Royal Mail in a research note on Friday, September 20th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 215.50 ($2.82).
Shares of Royal Mail stock traded down GBX 0.60 ($0.01) on Monday, hitting GBX 210.90 ($2.76). 3,127,589 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The firm’s 50-day moving average is GBX 215.87 and its 200 day moving average is GBX 218.67. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 370 ($4.83). The stock has a market cap of $2.10 billion and a P/E ratio of 12.05. 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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