Royal Mail (LON:RMG – Get Rating)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a report issued on Monday, MarketBeat.com reports. They currently have a GBX 400 ($4.93) target price on the stock. Barclays‘s price objective points to a potential upside of 21.18% from the stock’s current price.
A number of other research firms also recently weighed in on RMG. Berenberg Bank reissued a “buy” rating and issued a GBX 650 ($8.01) price target on shares of Royal Mail in a research note on Monday, April 25th. Liberum Capital downgraded Royal Mail to a “sell” rating and cut their price target for the company from GBX 470 ($5.79) to GBX 355 ($4.38) in a research note on Wednesday, March 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 702 ($8.65) price objective on shares of Royal Mail in a research note on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded Royal Mail to a “sell” rating and dropped their price objective for the stock from GBX 680 ($8.38) to GBX 275 ($3.39) in a research note on Tuesday, March 29th. Two investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 620.82 ($7.65).
RMG stock opened at GBX 330.10 ($4.07) on Monday. The business’s fifty day moving average is GBX 345.56 and its 200-day moving average is GBX 422.86. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 43.81. The company has a market cap of £3.16 billion and a P/E ratio of 3.79. Royal Mail has a twelve month low of GBX 316.10 ($3.90) and a twelve month high of GBX 613.80 ($7.57).
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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