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Royal Mail (LON:RMG)‘s stock had its “underperform” rating reissued by Credit Suisse Group in a note issued to investors on Thursday, October 17th, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued research reports about the company. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Royal Mail in a research note on Wednesday, October 16th. Jefferies Financial Group reissued an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Royal Bank of Canada cut their target price on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Finally, Liberum Capital cut Royal Mail to a “sell” rating in a research note on Tuesday, September 24th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 215.50 ($2.82).
LON RMG traded down GBX 3.30 ($0.04) during trading hours on Thursday, reaching GBX 219.70 ($2.87). The company’s stock had a trading volume of 3,097,291 shares, compared to its average volume of 5,850,000. The firm’s 50-day moving average price is GBX 214.37 and its 200-day moving average price is GBX 217.07. 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 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 367 ($4.80). The company has a market capitalization of $2.20 billion and a price-to-earnings ratio of 12.55.
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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