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Royal Mail (LON:RMG) had its price target dropped by stock analysts at Goldman Sachs Group from GBX 310 ($4.05) to GBX 300 ($3.92) in a research report issued on Monday, November 25th, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s target price would suggest a potential upside of 40.85% from the stock’s current price.
Other equities analysts have also issued reports about the company. Barclays reiterated an “overweight” rating and issued a GBX 250 ($3.27) price objective on shares of Royal Mail in a research report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada decreased their price objective on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a research report on Wednesday, October 9th. Liberum Capital reiterated a “sell” rating and issued a GBX 175 ($2.29) price objective (down from GBX 185 ($2.42)) on shares of Royal Mail in a research report on Thursday, November 21st. Finally, Deutsche Bank reiterated a “sell” rating and issued a GBX 150 ($1.96) price objective on shares of Royal Mail in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Royal Mail has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.76).
Shares of Royal Mail stock opened at GBX 213 ($2.78) on Monday. The company has a market cap of $2.17 billion and a price-to-earnings ratio of 6.59. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 347.50 ($4.54). The company’s fifty day simple moving average is GBX 217.60 and its 200-day simple moving average is GBX 212.43. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.
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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