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Royal Mail (LON:RMG) had its target price decreased by investment analysts at Deutsche Bank from GBX 180 ($2.35) to GBX 150 ($1.96) in a research report issued on Tuesday, June 4th, ThisIsMoney.Co.Uk reports. The brokerage presently has a “sell” rating on the stock. Deutsche Bank’s target price points to a potential downside of 27.43% from the stock’s current price.
Several other research firms have also commented on RMG. Liberum Capital raised shares of Royal Mail to a “hold” rating and decreased their price target for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a report on Friday, May 24th. UBS Group reaffirmed a “neutral” rating and issued a GBX 282 ($3.68) price target (down from GBX 354 ($4.63)) on shares of Royal Mail in a report on Monday, February 11th. HSBC upgraded shares of Royal Mail to a “buy” rating and cut their price objective for the company from GBX 347 ($4.53) to GBX 300 ($3.92) in a research report on Monday, February 4th. Berenberg Bank upgraded shares of Royal Mail to a “hold” rating and cut their price objective for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Finally, Credit Suisse Group cut their price objective on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a research report on Wednesday, May 29th. Four investment 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. The stock has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
RMG stock traded up GBX 0.40 ($0.01) during mid-day trading on Tuesday, hitting GBX 206.70 ($2.70). 18,952,207 shares of the company were exchanged, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 515.80 ($6.74). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market cap of $2.07 billion and a P/E ratio of 11.81.
In other news, insider Rico Back bought 200,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Over the last three months, insiders bought 251,794 shares of company stock worth $51,708,848.
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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