Barclays restated their overweight rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Wednesday morning, Price Targets.com reports. Barclays currently has a GBX 550 ($7.19) price objective on the stock.
A number of other research firms also recently issued reports on RMG. Liberum Capital restated a hold rating and issued a GBX 560 ($7.32) price target on shares of Royal Mail in a research note on Monday, July 26th. Credit Suisse Group raised their price target on Royal Mail from GBX 284 ($3.71) to GBX 647 ($8.45) and gave the stock a neutral rating in a research note on Thursday, June 17th. Finally, Berenberg Bank lifted their target price on Royal Mail from GBX 355 ($4.64) to GBX 550 ($7.19) and gave the company a hold rating in a research report on Wednesday, July 21st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Royal Mail presently has an average rating of Buy and a consensus price target of GBX 633.10 ($8.27).
RMG stock opened at GBX 414.30 ($5.41) on Wednesday. The company has a market cap of £4.14 billion and a P/E ratio of 6.66. Royal Mail has a 1 year low of GBX 224.24 ($2.93) and a 1 year high of GBX 613.80 ($8.02). The company has a debt-to-equity ratio of 42.69, a current ratio of 1.20 and a quick ratio of 1.15. The stock’s fifty day moving average price is GBX 473.87 and its 200-day moving average price is GBX 929.60.
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.
See Also: Operating Income
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