Royal Mail (RMG) Sets New 12-Month Low at $206.00

Royal Mail PLC (LON:RMG) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 206 ($2.69) and last traded at GBX 230.80 ($3.02), with a volume of 5059466 shares changing hands. The stock had previously closed at GBX 211.40 ($2.76).

RMG has been the subject of a number of recent analyst reports. HSBC raised Royal Mail to a “buy” rating and lowered their price objective for the company from GBX 347 ($4.53) to GBX 300 ($3.92) in a research report on Monday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a GBX 282 ($3.68) price objective (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a research report on Monday, February 11th. JPMorgan Chase & Co. lowered their price objective on Royal Mail from GBX 285 ($3.72) to GBX 241 ($3.15) and set an “underweight” rating for the company in a research report on Wednesday, January 30th. Barclays reaffirmed an “overweight” rating and issued a GBX 410 ($5.36) price objective on shares of Royal Mail in a research report on Tuesday, January 29th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 240 ($3.14) target price (down previously from GBX 250 ($3.27)) on shares of Royal Mail in a report on Tuesday, January 29th. Six equities research analysts have rated the stock with a sell rating, five 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 329.31 ($4.30).

The firm has a market cap of $2.11 billion and a price-to-earnings ratio of 23.83. The company has a debt-to-equity ratio of 16.69, a current ratio of 0.78 and a quick ratio of 0.74.

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About Royal Mail (LON:RMG)

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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