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Royal Mail (LON:RMG) had its price target decreased by analysts at Goldman Sachs Group from GBX 320 ($4.18) to GBX 310 ($4.05) in a research note issued on Monday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 46.57% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a research report on Monday, October 14th. Morgan Stanley raised shares of Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Liberum Capital downgraded shares of Royal Mail to a “sell” rating in a research report on Tuesday, September 24th. Finally, Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Royal Mail currently has an average rating of “Hold” and a consensus price target of GBX 215.50 ($2.82).
Shares of LON:RMG opened at GBX 211.50 ($2.76) on Monday. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 370 ($4.83). The company has a 50 day moving average of GBX 216 and a two-hundred day moving average of GBX 218.88. The company has a market capitalization of $2.12 billion and a price-to-earnings ratio of 12.09.
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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