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Royal Mail (LON:RMG)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a note issued to investors on Tuesday, Analyst Ratings Network reports. They currently have a GBX 650 ($8.76) price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 23.67% from the company’s current price.
A number of other equities research analysts have also recently commented on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 625 ($8.42) price objective on shares of Royal Mail in a research note on Thursday, November 18th. Citigroup reissued a “buy” rating and issued a GBX 1,000 ($13.48) price target on shares of Royal Mail in a research note on Thursday, December 16th. Peel Hunt reissued a “buy” rating and issued a GBX 625 ($8.42) price target on shares of Royal Mail in a research note on Thursday, November 18th. Barclays reissued an “overweight” rating and issued a GBX 550 ($7.41) price target on shares of Royal Mail in a research note on Thursday, December 9th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 777 ($10.47) price target on shares of Royal Mail in a research note on Thursday, December 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 704.27 ($9.49).
RMG opened at GBX 525.60 ($7.08) on Tuesday. Royal Mail has a 12-month low of GBX 349.50 ($4.71) and a 12-month high of GBX 613.80 ($8.27). The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 43.81. The firm has a market capitalization of £5.24 billion and a PE ratio of 6.02. The firm has a 50 day moving average of GBX 478.53 and a two-hundred day moving average of GBX 501.19.
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About Royal Mail
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
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