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Royal Mail (LON:RMG) had its price target cut by equities research analysts at Goldman Sachs Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a research note issued on Monday, November 25th, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective indicates a potential upside of 26.85% from the company’s previous close.
Several other research firms also recently issued reports on RMG. JPMorgan Chase & Co. dropped their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a report on Friday, November 22nd. Royal Bank of Canada decreased their price target on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Barclays reissued an “overweight” rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a report on Thursday, November 21st. Finally, Deutsche Bank reissued a “sell” rating and issued a GBX 150 ($1.97) price target on shares of Royal Mail in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
LON:RMG traded up GBX 4.30 ($0.06) during trading hours on Monday, hitting GBX 236.50 ($3.11). The stock had a trading volume of 11,203,869 shares, compared to its average volume of 5,850,000. The company has a market cap of $2.32 billion and a PE ratio of 7.32. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 315.70 ($4.15). 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 business has a 50 day simple moving average of GBX 218.05 and a two-hundred day simple moving average of GBX 211.77.
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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