Royal Mail (LON:RMG) Share Price Crosses Below 50 Day Moving Average of $207.47

Royal Mail PLC (LON:RMG)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $207.47 and traded as low as $228.90. Royal Mail shares last traded at $229.00, with a volume of 5,336,814 shares.

A number of equities analysts have commented on the company. Morgan Stanley raised Royal Mail to an “equal weight” rating in a research note on Monday, July 15th. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Thursday, June 20th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).

The business has a fifty day moving average of GBX 207.72 and a 200 day moving average of GBX 229.60. The firm has a market cap of $2.29 billion and a P/E ratio of 13.08. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.

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.

Further Reading: Penny Stocks, Risk and Reward Factors

Receive News & Ratings for Royal Mail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail and related companies with MarketBeat.com's FREE daily email newsletter.