Royal Mail (LON:RMG) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Royal Mail (LON:RMGGet Rating)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued on Thursday, MarketBeat.com reports. They currently have a GBX 702 ($9.13) price objective on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 105.14% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Barclays reiterated an “overweight” rating and set a GBX 400 ($5.20) price target on shares of Royal Mail in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Royal Mail to a “sell” rating and reduced their price target for the stock from GBX 680 ($8.85) to GBX 275 ($3.58) in a research report on Tuesday, March 29th. Liberum Capital lowered shares of Royal Mail to a “sell” rating and cut their price objective for the stock from GBX 470 ($6.12) to GBX 355 ($4.62) in a research note on Wednesday, March 2nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.46) target price on shares of Royal Mail in a report on Friday, March 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 620.82 ($8.08).

LON:RMG opened at GBX 342.20 ($4.45) on Thursday. The company has a market capitalization of £3.27 billion and a P/E ratio of 3.92. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 43.81. Royal Mail has a 12 month low of GBX 317.15 ($4.13) and a 12 month high of GBX 613.80 ($7.99). The firm has a fifty day simple moving average of GBX 363.27 and a 200-day simple moving average of GBX 431.45.

Royal Mail Company Profile (Get Rating)

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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Analyst Recommendations for Royal Mail (LON:RMG)

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