Royal Mail (LON:RMG) Earns Neutral Rating from JPMorgan Chase & Co.

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JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Several other research firms have also recently issued reports on RMG. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Morgan Stanley upgraded Royal Mail to an equal weight rating in a research report on Monday, July 15th. Credit Suisse Group dropped their target price on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a research report on Wednesday, May 29th. Liberum Capital reiterated a hold rating on shares of Royal Mail in a research report on Thursday, July 18th. Finally, Societe Generale upgraded Royal Mail to a hold rating and dropped their target price for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).

LON RMG opened at GBX 200.60 ($2.62) on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The business’s 50 day moving average is GBX 209.42 and its two-hundred day moving average is GBX 234.67. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 492.50 ($6.44). The stock has a market capitalization of $1.99 billion and a price-to-earnings ratio of 11.46.

In other news, insider Rico Back purchased 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last 90 days, insiders purchased 51,796 shares of company stock worth $10,308,553.

About Royal Mail

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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Analyst Recommendations for Royal Mail (LON:RMG)

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