Royal Mail (LON:RMG) Earns Overweight Rating from Barclays

Royal Mail (LON:RMGGet Rating)‘s stock had its “overweight” rating reaffirmed by Barclays in a report released on Friday, MarketBeat reports. They currently have a GBX 400 ($5.00) target price on the stock. Barclays‘s target price would indicate a potential upside of 17.23% from the company’s current price.

Several other analysts also recently weighed in on RMG. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 702 ($8.77) price objective on shares of Royal Mail in a report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Royal Mail to a “sell” rating and dropped their price objective for the company from GBX 680 ($8.49) to GBX 275 ($3.44) in a research note on Tuesday, March 29th. Liberum Capital lowered Royal Mail to a “sell” rating and lowered their target price for the stock from GBX 470 ($5.87) to GBX 355 ($4.43) in a report on Wednesday, March 2nd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.12) price target on shares of Royal Mail in a report on Monday, April 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 620.82 ($7.76).

Shares of LON RMG opened at GBX 341.20 ($4.26) on Friday. Royal Mail has a twelve month low of GBX 317.15 ($3.96) and a twelve month high of GBX 613.80 ($7.67). The firm has a market cap of £3.26 billion and a PE ratio of 3.89. The business has a fifty day simple moving average of GBX 350.78 and a two-hundred day simple moving average of GBX 425.58. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 43.81.

About Royal Mail (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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