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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued to clients and investors on Friday, November 22nd, Marketbeat reports. They currently have a GBX 150 ($1.97) price target on the stock. Deutsche Bank’s target price points to a potential downside of 38.14% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the company. Liberum Capital restated a “sell” rating and issued a GBX 175 ($2.30) target price (down from GBX 185 ($2.43)) on shares of Royal Mail in a report on Thursday, November 21st. JPMorgan Chase & Co. downgraded shares of Royal Mail to an “underweight” rating and cut their target price for the company from GBX 252 ($3.31) to GBX 192 ($2.53) in a research note on Tuesday, October 29th. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Royal Bank of Canada cut their target price 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. Finally, Goldman Sachs Group cut 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 report on Monday, October 28th. 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 211.54 ($2.78).
Shares of RMG stock traded down GBX 8 ($0.11) during mid-day trading on Friday, hitting GBX 242.50 ($3.19). 4,837,440 shares of the stock traded hands, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 308.50 ($4.06). The firm has a market cap of $2.43 billion and a price-to-earnings ratio of 7.51. The company’s 50-day simple moving average is GBX 219.74 and its 200-day simple moving average is GBX 212.25. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76.
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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