Shares of Royal Mail PLC (LON:RMG) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $209.59 and traded as low as $196.93. Royal Mail shares last traded at $198.25, with a volume of 5,081,954 shares trading hands.
A number of research firms recently commented on RMG. Jefferies Financial Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Thursday, June 20th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Royal Mail in a report on Friday, September 20th. Goldman Sachs Group reissued a “buy” rating on shares of Royal Mail in a report on Monday, June 10th. Finally, Barclays reissued an “overweight” rating on shares of Royal Mail in a report on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Royal Mail presently has a consensus rating of “Hold” and a consensus target price of GBX 246.33 ($3.22).
The stock has a fifty day moving average of GBX 209.59 and a 200 day moving average of GBX 223.35. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market capitalization of $1.98 billion and a PE ratio of 11.33.
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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