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Royal Mail (LON:RMG) had its price target cut by research analysts at Deutsche Bank from GBX 180 ($2.35) to GBX 150 ($1.96) in a research note issued to investors on Tuesday, June 4th, ThisIsMoney.Co.Uk reports. The brokerage currently has a “sell” rating on the stock. Deutsche Bank’s price target points to a potential downside of 29.21% from the company’s current price.
Several other equities analysts have also recently weighed in on RMG. HSBC raised shares of Royal Mail to a “buy” rating and dropped their price target 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 target (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a research report on Monday, February 11th. Berenberg Bank raised shares of Royal Mail to a “hold” rating and dropped their target price for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Royal Mail in a research report on Wednesday, May 15th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Royal Mail currently has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
Shares of RMG traded down GBX 0.20 ($0.00) during trading hours on Tuesday, hitting GBX 211.90 ($2.77). The stock had a trading volume of 4,895,277 shares, compared to its average volume of 5,850,000. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The business’s 50 day moving average is GBX 212.42. The firm has a market cap of $2.12 billion and a price-to-earnings ratio of 12.11. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 511.80 ($6.69).
In other Royal Mail news, insider Rico Back acquired 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders purchased a total of 251,794 shares of company stock valued at $51,708,848 over the last quarter.
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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