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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a report released on Thursday, November 21st, Digital Look reports. They currently have a GBX 250 ($3.27) price target on the stock. Barclays‘s price objective would suggest a potential upside of 19.90% from the company’s previous close.
Several other equities analysts have also recently commented on the company. Liberum Capital restated a “sell” rating and set a GBX 175 ($2.29) target price (down from GBX 185 ($2.42)) on shares of Royal Mail in a research report on Thursday, November 21st. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Goldman Sachs Group lowered their target price on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a research note on Monday, October 28th. Deutsche Bank reissued a “sell” rating and issued a GBX 150 ($1.96) target price on shares of Royal Mail in a research note on Friday, November 22nd. Finally, Royal Bank of Canada lowered their target price on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Royal Mail has a consensus rating of “Hold” and an average price target of GBX 212.15 ($2.77).
LON:RMG traded down GBX 9.20 ($0.12) during trading hours on Thursday, reaching GBX 208.50 ($2.72). The stock had a trading volume of 5,113,312 shares, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The stock has a 50 day simple moving average of GBX 217.42 and a 200 day simple moving average of GBX 213.37. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 347.50 ($4.54). The stock has a market cap of $2.10 billion and a P/E ratio of 6.46.
Royal Mail Company Profile
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.
Read More: Overbought
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