Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by stock analysts at Deutsche Bank in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also issued reports on the company. Liberum Capital reiterated a “sell” rating on shares of Royal Mail in a report on Friday, December 6th. Sanford C. Bernstein lowered Royal Mail to a “market perform” rating and reduced their price target for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. JPMorgan Chase & Co. reduced their target price on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada reduced their target price on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Finally, Goldman Sachs Group reduced their target price on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a report on Monday, November 25th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Royal Mail presently has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
Shares of Royal Mail stock opened at GBX 236.50 ($3.11) on Thursday. The firm has a market cap of $2.37 billion and a price-to-earnings ratio of 7.32. 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 has a 52-week low of GBX 186.80 ($2.46) and a 52-week high of GBX 315.70 ($4.15). The stock has a 50-day simple moving average of GBX 218.34 and a 200-day simple moving average of GBX 211.79.
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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