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Barclays reissued their overweight rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also commented on RMG. JPMorgan Chase & Co. reiterated a neutral rating on shares of Royal Mail in a research report on Friday, September 20th. Berenberg Bank reissued a hold rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Thursday, June 20th. Royal Bank of Canada decreased their price target on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a report on Friday, July 12th. Finally, Liberum Capital downgraded Royal Mail to a sell rating in a report on Tuesday, September 24th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 221.33 ($2.89).
Shares of LON RMG opened at GBX 219.20 ($2.86) on Monday. The business’s 50 day moving average price is GBX 212.55 and its 200 day moving average price is GBX 220.36. The firm has a market cap of $2.19 billion and a P/E ratio of 12.53. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 371.30 ($4.85). The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
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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