Royal Mail (RMG) Earns Underweight Rating from JPMorgan Chase & Co.
Other analysts have also issued reports about the stock. Berenberg Bank upgraded shares of Royal Mail to a hold rating and cut their price target for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Liberum Capital restated a sell rating on shares of Royal Mail in a research report on Tuesday, April 2nd. Deutsche Bank cut their price target on shares of Royal Mail from GBX 250 ($3.27) to GBX 180 ($2.35) and set a sell rating for the company in a research report on Friday, February 8th. UBS Group restated a neutral rating and set a GBX 354 ($4.63) price target on shares of Royal Mail in a research report on Friday, January 25th. Finally, Credit Suisse Group lowered their price objective on shares of Royal Mail from GBX 301 ($3.93) to GBX 238 ($3.11) and set an underperform rating for the company in a research note on Wednesday, January 30th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Royal Mail presently has an average rating of Hold and an average target price of GBX 329.31 ($4.30).
LON RMG traded down GBX 4.10 ($0.05) during trading on Wednesday, hitting GBX 234.80 ($3.07). 6,534,351 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 16.69. Royal Mail has a 12-month low of GBX 232.40 ($3.04) and a 12-month high of GBX 632.60 ($8.27). The firm has a market cap of $2.35 billion and a price-to-earnings ratio of 24.98.
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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