Royal Mail (LON:RMG – Get Rating)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued on Monday, Marketbeat.com reports. They presently have a GBX 650 ($8.28) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 88.41% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 702 ($8.95) target price on shares of Royal Mail in a research note on Thursday, April 21st. Barclays reaffirmed an “overweight” rating and set a GBX 400 ($5.10) price target on shares of Royal Mail in a research report on Wednesday, April 20th. Liberum Capital downgraded shares of Royal Mail to a “sell” rating and dropped their price target for the stock from GBX 470 ($5.99) to GBX 355 ($4.52) in a research note on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Royal Mail to a “sell” rating and reduced their price target for the company from GBX 680 ($8.67) to GBX 275 ($3.50) in a research report on Tuesday, March 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 620.82 ($7.91).
RMG opened at GBX 345 ($4.40) on Monday. Royal Mail has a 1 year low of GBX 317.15 ($4.04) and a 1 year high of GBX 613.80 ($7.82). The company has a debt-to-equity ratio of 43.81, a current ratio of 1.31 and a quick ratio of 1.28. The stock’s 50 day simple moving average is GBX 358.25 and its 200 day simple moving average is GBX 428.76. The firm has a market cap of £3.30 billion and a price-to-earnings ratio of 3.95.
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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