Royal Mail’s (RMG) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

Royal Mail (LON:RMG – Get Rating)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Thursday, Marketbeat.com reports.

RMG has been the topic of a number of other reports. Berenberg Bank cut their target price on shares of Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) and set a “buy” rating on the stock in a report on Thursday, July 21st. Citigroup reaffirmed a “buy” rating and issued a GBX 410 ($4.95) target price on shares of Royal Mail in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Royal Mail from GBX 240 ($2.90) to GBX 222 ($2.68) and set a “sell” rating on the stock in a research report on Thursday, August 4th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 320 ($3.87) price objective on shares of Royal Mail in a research report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 424.63 ($5.13).

Royal Mail Stock Performance

Shares of Royal Mail stock opened at GBX 267 ($3.23) on Thursday. The firm’s fifty day simple moving average is GBX 275.74 and its 200-day simple moving average is GBX 326.70. The stock has a market capitalization of £2.55 billion and a price-to-earnings ratio of 437.70. Royal Mail has a 12 month low of GBX 255.50 ($3.09) and a 12 month high of GBX 531.40 ($6.42). The company has a debt-to-equity ratio of 41.49, a current ratio of 1.10 and a quick ratio of 1.02.

Royal Mail Company Profile

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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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