Royal Mail’s (RMG) “Underweight” Rating Reiterated at JPMorgan Chase & Co.
Several other analysts also recently weighed in on the company. Societe Generale dropped their price objective on Royal Mail from GBX 148 ($1.82) to GBX 105 ($1.29) and set a sell rating for the company in a research report on Wednesday, April 1st. Jefferies Financial Group lowered their target price on Royal Mail from GBX 140 ($1.72) to GBX 120 ($1.48) and set an underperform rating for the company in a report on Monday, March 30th. Barclays lowered their target price on Royal Mail from GBX 250 ($3.08) to GBX 200 ($2.46) and set an overweight rating for the company in a report on Friday. Citigroup reaffirmed a buy rating on shares of Royal Mail in a report on Monday, June 22nd. Finally, Sanford C. Bernstein raised Royal Mail to a market perform rating and upped their target price for the stock from GBX 135 ($1.66) to GBX 165 ($2.03) in a report on Monday, May 18th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Royal Mail presently has a consensus rating of Hold and an average target price of GBX 159.25 ($1.96).
Shares of RMG stock opened at GBX 172.20 ($2.12) on Friday. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. Royal Mail has a twelve month low of GBX 118.86 ($1.46) and a twelve month high of GBX 258.60 ($3.18). The company has a market cap of $1.65 billion and a P/E ratio of 5.33. The business has a fifty day simple moving average of GBX 175.21 and a 200 day simple moving average of GBX 179.98.
In other news, insider Stuart Simpson sold 19,354 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 158 ($1.94), for a total value of £30,579.32 ($37,631.45). In the last three months, insiders bought 186 shares of company stock valued at $30,021.
About Royal Mail
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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