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Royal Mail (LON:RMG) had its price target decreased by Deutsche Bank from GBX 180 ($2.35) to GBX 150 ($1.96) in a report released on Tuesday, June 4th, ThisIsMoney.Co.Uk reports. The firm presently has a “sell” rating on the stock. Deutsche Bank’s target price would suggest a potential downside of 25.11% from the stock’s current price.
Several other research analysts have also recently commented on RMG. HSBC raised Royal Mail to a “buy” rating and reduced their price target for the company from GBX 347 ($4.53) to GBX 300 ($3.92) in a research report on Monday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a GBX 282 ($3.68) price objective (down from GBX 354 ($4.63)) on shares of Royal Mail in a research report on Monday, February 11th. Liberum Capital reaffirmed a “sell” rating on shares of Royal Mail in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Royal Mail in a research note on Wednesday, May 15th. Finally, Berenberg Bank upgraded Royal Mail to a “hold” rating and lowered their target price for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a research note on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Royal Mail currently has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
LON RMG traded up GBX 3.60 ($0.05) on Tuesday, reaching GBX 200.30 ($2.62). The company had a trading volume of 6,081,455 shares, compared to its average volume of 5,850,000. The company has a 50 day moving average of GBX 213.85. The company has a market capitalization of $2.03 billion and a PE ratio of 11.45. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 511.80 ($6.69).
In other Royal Mail news, insider Rico Back purchased 200,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last quarter, insiders bought 251,794 shares of company stock worth $51,708,848.
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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