Royal Mail (LON:RMG – Get Rating) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from GBX 702 ($8.83) to GBX 632 ($7.95) in a report issued on Monday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 101.47% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Liberum Capital downgraded shares of Royal Mail to a “sell” rating and cut their target price for the stock from GBX 470 ($5.91) to GBX 355 ($4.47) in a research report on Wednesday, March 2nd. Barclays restated an “overweight” rating and set a GBX 400 ($5.03) price target on shares of Royal Mail in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Royal Mail from GBX 275 ($3.46) to GBX 240 ($3.02) and set a “sell” rating for the company in a report on Thursday, May 19th. Berenberg Bank lowered their price target on shares of Royal Mail from GBX 650 ($8.18) to GBX 575 ($7.24) and set a “buy” rating for the company in a report on Thursday, May 19th. Finally, Citigroup restated a “buy” rating and set a GBX 790 ($9.94) price target on shares of Royal Mail in a report on Thursday, May 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 588.90 ($7.41).
LON:RMG opened at GBX 313.70 ($3.95) on Monday. The firm’s 50 day simple moving average is GBX 339.45 and its 200 day simple moving average is GBX 415.22. The company has a debt-to-equity ratio of 41.49, a current ratio of 1.10 and a quick ratio of 1.06. Royal Mail has a one year low of GBX 290.20 ($3.65) and a one year high of GBX 613.80 ($7.72). The company has a market cap of £3.00 billion and a PE ratio of 5.11.
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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