Royal Mail PLC (LON:RMG) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 231.89 ($3.03) and last traded at GBX 234.80 ($3.07), with a volume of 6534351 shares. The stock had previously closed at GBX 238.90 ($3.12).
RMG has been the subject of several analyst reports. HSBC raised Royal Mail to a “buy” rating and lowered their target price for the stock from GBX 347 ($4.53) to GBX 300 ($3.92) in a research note on Monday, February 4th. UBS Group reissued a “neutral” rating and set a GBX 282 ($3.68) target price (down from GBX 354 ($4.63)) on shares of Royal Mail in a research note on Monday, February 11th. JPMorgan Chase & Co. lowered their target price on Royal Mail from GBX 285 ($3.72) to GBX 241 ($3.15) and set an “underweight” rating for the company in a research note on Wednesday, January 30th. Barclays reissued an “overweight” rating and set a GBX 410 ($5.36) target price on shares of Royal Mail in a research note on Tuesday, January 29th. Finally, Goldman Sachs Group cut Royal Mail to a “neutral” rating and lowered their target price for the stock from GBX 380 ($4.97) to GBX 360 ($4.70) in a research note on Monday, January 21st. Six analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 329.31 ($4.30).
The stock has a market capitalization of $2.35 billion and a PE ratio of 24.98. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 16.69.
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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