Royal Mail (LON:RMG – Get Rating) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from GBX 702 ($8.65) to GBX 632 ($7.79) in a research note issued to investors on Monday, LSE.Co.UK reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 99.43% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a GBX 400 ($4.93) price target on shares of Royal Mail in a research note on Thursday. Citigroup reiterated a “buy” rating and issued a GBX 790 ($9.74) price target on shares of Royal Mail in a research note on Thursday, May 12th. Berenberg Bank reduced their price objective on shares of Royal Mail from GBX 650 ($8.01) to GBX 575 ($7.09) and set a “buy” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their price objective on Royal Mail from GBX 275 ($3.39) to GBX 240 ($2.96) and set a “sell” rating for the company in a report on Thursday. Finally, Liberum Capital lowered Royal Mail to a “sell” rating and dropped their target price for the stock from GBX 470 ($5.79) to GBX 355 ($4.38) in a report on Wednesday, March 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Mail has an average rating of “Buy” and a consensus price target of GBX 588.90 ($7.26).
LON:RMG opened at GBX 316.90 ($3.91) on Monday. The stock has a 50-day simple moving average of GBX 341.24 and a 200 day simple moving average of GBX 416.68. Royal Mail has a 52-week low of GBX 290.20 ($3.58) and a 52-week high of GBX 613.80 ($7.57). The company has a market cap of £3.03 billion and a PE ratio of 5.16. The company has a debt-to-equity ratio of 41.49, a quick ratio of 1.06 and a current ratio of 1.10.
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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