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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by Deutsche Bank in a report issued on Friday, November 22nd, MarketBeat.com reports. They currently have a GBX 150 ($1.96) price objective on the stock. Deutsche Bank’s price target would suggest a potential downside of 28.06% from the company’s current price.
Several other research analysts also recently weighed in on RMG. Liberum Capital restated a “sell” rating and issued a GBX 175 ($2.29) price target (down from GBX 185 ($2.42)) on shares of Royal Mail in a research note on Thursday, November 21st. JPMorgan Chase & Co. downgraded Royal Mail to an “underweight” rating and dropped their price target for the stock from GBX 252 ($3.29) to GBX 192 ($2.51) in a research note on Tuesday, October 29th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Barclays restated an “overweight” rating on shares of Royal Mail in a report on Monday, October 14th. Finally, Goldman Sachs Group decreased their price target on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating on the stock in a report on Monday, October 28th. Five 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 stock. Royal Mail presently has an average rating of “Hold” and a consensus target price of GBX 212.15 ($2.77).
LON RMG opened at GBX 208.50 ($2.72) on Friday. The company has a 50-day moving average price of GBX 217.65 and a 200-day moving average price of GBX 213.16. The firm has a market capitalization of $2.09 billion and a P/E ratio of 6.46. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 347.50 ($4.54).
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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