Royal Mail (RMG) Given Hold Rating at Berenberg Bank
Berenberg Bank reiterated their hold rating on shares of Royal Mail (LON:RMG) in a report published on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 240 ($3.14) target price on the stock.
Several other equities research analysts have also commented on RMG. Barclays reduced their price objective on Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating for the company in a research note on Wednesday. Liberum Capital restated a sell rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research note on Wednesday. JPMorgan Chase & Co. restated an underweight rating on shares of Royal Mail in a research note on Wednesday, May 15th. Credit Suisse Group reduced their price objective on Royal Mail from GBX 301 ($3.93) to GBX 238 ($3.11) and set an underperform rating for the company in a research note on Wednesday, January 30th. Finally, UBS Group restated a neutral rating and issued a GBX 354 ($4.63) price objective on shares of Royal Mail in a research note on Friday, January 25th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 294.25 ($3.84).
LON:RMG opened at GBX 203.90 ($2.66) on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 16.69. The firm has a market capitalization of $2.22 billion and a PE ratio of 21.69. Royal Mail has a one year low of GBX 231.89 ($3.03) and a one year high of GBX 585 ($7.64).
Royal Mail Company Profile
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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