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Royal Mail (LON:RMG)‘s stock had its “sell” rating reiterated by Liberum Capital in a research report issued to clients and investors on Thursday, November 21st, Stock Target Advisor reports. They presently have a GBX 175 ($2.29) target price on the stock, down from their prior target price of GBX 185 ($2.42). Liberum Capital’s target price indicates a potential downside of 18.11% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating on the stock in a report on Wednesday, October 9th. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Goldman Sachs Group reduced their price objective on shares of 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. Barclays reissued an “overweight” rating on shares of Royal Mail in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. downgraded Royal Mail to an “underweight” rating and decreased their price objective for the company from GBX 252 ($3.29) to GBX 192 ($2.51) in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 211.54 ($2.76).
RMG traded up GBX 0.70 ($0.01) on Thursday, hitting GBX 213.70 ($2.79). 5,358,641 shares of the company were exchanged, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 186.80 ($2.44) and a twelve month high of GBX 315.70 ($4.13). The company has a market cap of $2.13 billion and a price-to-earnings ratio of 6.62. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The firm has a 50-day moving average price of GBX 217.55 and a two-hundred day moving average price of GBX 212.28.
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.
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