Royal Mail’s (RMG) “Buy” Rating Reiterated at Berenberg Bank

Royal Mail (LON:RMG)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued on Thursday, Price Targets.com reports. They currently have a GBX 650 ($8.77) target price on the stock. Berenberg Bank’s price target points to a potential upside of 48.64% from the company’s current price.

Other analysts also recently issued research reports about the stock. Barclays reissued an “overweight” rating and set a GBX 640 ($8.63) target price on shares of Royal Mail in a research report on Tuesday. Peel Hunt reaffirmed a “buy” rating and set a GBX 625 ($8.43) price objective on shares of Royal Mail in a research report on Thursday, November 18th. Liberum Capital reduced their price objective on shares of Royal Mail from GBX 560 ($7.56) to GBX 470 ($6.34) and set a “hold” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 680 ($9.17) price objective on shares of Royal Mail in a research report on Tuesday. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 1,000 ($13.49) price objective on shares of Royal Mail in a research report on Thursday, December 16th. Three investment analysts have rated the stock with a hold rating and eight have issued 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 695.91 ($9.39).

LON:RMG opened at GBX 437.30 ($5.90) on Thursday. The company has a market capitalization of £4.36 billion and a PE ratio of 5.03. The company has a 50 day simple moving average of GBX 497.34 and a two-hundred day simple moving average of GBX 490.49. The company has a debt-to-equity ratio of 43.81, a quick ratio of 1.28 and a current ratio of 1.31. Royal Mail has a fifty-two week low of GBX 396.60 ($5.35) and a fifty-two week high of GBX 613.80 ($8.28).

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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