Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by Liberum Capital in a research report issued on Friday, ThisIsMoney.Co.Uk reports.
RMG has been the topic of several other reports. Societe Generale lowered their price objective on shares of Royal Mail from GBX 208 ($2.72) to GBX 200 ($2.61) and set a “hold” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating for the company in a research note on Friday, November 22nd. Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a report on Friday. Sanford C. Bernstein downgraded Royal Mail to a “market perform” rating and lowered their price target for the stock from GBX 250 ($3.27) to GBX 225 ($2.94) in a research report on Friday, November 29th. Finally, Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Royal Mail has an average rating of “Hold” and an average target price of GBX 211.54 ($2.76).
Shares of RMG stock opened at GBX 216.10 ($2.82) on Friday. The company has a fifty day moving average price of GBX 217.55 and a two-hundred day moving average price of GBX 212.28. Royal Mail has a one year low of GBX 186.80 ($2.44) and a one year high of GBX 315.70 ($4.13). The stock has a market cap of $2.14 billion and a P/E ratio of 6.69. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.
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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