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Royal Mail (LON:RMG)‘s stock had its “sell” rating reiterated by research analysts at Deutsche Bank in a note issued to investors on Friday, November 22nd, Marketbeat reports. They presently have a GBX 150 ($1.97) price target on the stock. Deutsche Bank’s target price would suggest a potential downside of 36.58% from the company’s previous close.
Several other equities analysts also recently commented on RMG. Royal Bank of Canada dropped their price objective on shares of 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. Goldman Sachs Group dropped their price objective on shares of Royal Mail from GBX 320 ($4.21) to GBX 310 ($4.08) and set a “buy” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. downgraded shares of Royal Mail to an “underweight” rating and dropped their price objective for the company from GBX 252 ($3.31) to GBX 192 ($2.53) in a research note on Tuesday, October 29th. Barclays restated an “overweight” rating on shares of Royal Mail in a research report on Monday, October 14th. Finally, Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 211.54 ($2.78).
Shares of Royal Mail stock traded up GBX 4.30 ($0.06) on Friday, reaching GBX 236.50 ($3.11). 13,108,027 shares of the stock were exchanged, compared to its average volume of 5,850,000. The firm has a market cap of $2.37 billion and a PE ratio of 7.32. 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 firm’s 50 day moving average is GBX 218.34 and its 200-day moving average is GBX 211.79. Royal Mail has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 315.70 ($4.15).
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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