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Royal Mail (LON:RMG)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a report released on Friday, Digital Look reports. They presently have a GBX 240 ($3.16) target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 13.66% from the company’s previous close.
A number of other research analysts also recently weighed in on RMG. Sanford C. Bernstein downgraded Royal Mail to a “market perform” rating and lowered their price target for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a research report on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a research report on Friday, November 22nd. Finally, Goldman Sachs Group reduced their price objective on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a research report on Monday, November 25th. Five equities research 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 price target of GBX 211.54 ($2.78).
Shares of RMG stock opened at GBX 211.16 ($2.78) on Friday. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 308.50 ($4.06). 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 company has a market capitalization of $2.13 billion and a price-to-earnings ratio of 6.54. The stock’s fifty day simple moving average is GBX 226.33 and its 200-day simple moving average is GBX 216.22.
In other news, insider Rico Back acquired 300,000 shares of Royal Mail stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). In the last three months, insiders have purchased 300,128 shares of company stock valued at $70,229,880.
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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