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JPMorgan Chase & Co. reissued their neutral rating on shares of Royal Mail (LON:RMG) in a research note released on Wednesday, August 28th, Borsen Zeitung reports. The brokerage currently has a GBX 252 ($3.29) price objective on the stock.
Several other brokerages have also recently weighed in on RMG. HSBC cut Royal Mail to a hold rating and decreased their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a research note on Thursday, July 11th. Morgan Stanley raised Royal Mail to an equal weight rating in a research note on Monday, July 15th. Barclays reissued an overweight rating on shares of Royal Mail in a research note on Friday, July 12th. Finally, Credit Suisse Group reduced their price objective on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating for the company in a research note on Wednesday, May 29th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of RMG stock traded up GBX 5.90 ($0.08) on Wednesday, hitting GBX 223.30 ($2.92). 3,330,967 shares of the stock traded hands, compared to its average volume of 5,850,000. The company has a market capitalization of $2.23 billion and a PE ratio of 12.76. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. Royal Mail has a 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 491.10 ($6.42). The company’s fifty day moving average is GBX 208.07 and its 200 day moving average is GBX 227.96.
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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