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Royal Mail (LON:RMG) had its price objective dropped by analysts at Jefferies Financial Group from GBX 220 ($2.87) to GBX 170 ($2.22) in a research report issued on Monday, June 3rd, ThisIsMoney.Co.Uk reports. The brokerage presently has an “underperform” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 19.77% from the company’s previous close.
Several other analysts have also recently issued reports on RMG. HSBC upgraded shares of 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. Deutsche Bank lowered their price objective on shares of Royal Mail from GBX 250 ($3.27) to GBX 180 ($2.35) and set a “sell” rating on the stock in a research report on Friday, February 8th. UBS Group restated a “neutral” rating and set 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. Berenberg Bank upgraded shares of Royal Mail to a “hold” rating and lowered their price objective for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Finally, Liberum Capital restated a “sell” rating on shares of Royal Mail in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Royal Mail currently has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded down GBX 0.20 ($0.00) on Monday, reaching GBX 211.90 ($2.77). 4,895,277 shares of the company traded hands, compared to its average volume of 5,850,000. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 511.80 ($6.69). The business has a 50 day moving average of GBX 212.42. The stock has a market cap of $2.12 billion and a price-to-earnings ratio of 12.11. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
In other news, insider Rico Back purchased 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last three months, insiders acquired 251,794 shares of company stock worth $51,708,848.
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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