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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by equities research analysts at Deutsche Bank in a note issued to investors on Friday, November 22nd, MarketBeat.com reports. They currently have a GBX 150 ($1.97) target price on the stock. Deutsche Bank’s price target indicates a potential downside of 36.97% from the company’s current price.
Several other brokerages have also recently issued reports on RMG. Royal Bank of Canada lowered 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 report on Wednesday, October 9th. Goldman Sachs Group lowered their target price 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 report on Monday, October 28th. Barclays restated an “overweight” rating on shares of Royal Mail in a report on Monday, October 14th. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut shares of Royal Mail to an “underweight” rating and lowered their target price for the company from GBX 252 ($3.31) to GBX 192 ($2.53) in a report on Tuesday, October 29th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Royal Mail has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
LON RMG traded down GBX 4.50 ($0.06) on Friday, hitting GBX 238 ($3.13). 5,143,121 shares of the stock were exchanged, compared to its average volume of 5,850,000. The company has a 50-day moving average price of GBX 220.25 and a 200-day moving average price of GBX 212.41. Royal Mail has a fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 308.50 ($4.06). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The company has a market cap of $2.38 billion and a PE ratio of 7.37.
In other news, insider Rico Back acquired 300,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). In the last 90 days, insiders have acquired 300,083 shares of company stock valued at $70,219,890.
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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