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Royal Mail (LON:RMG) had its target price cut by Goldman Sachs Group from GBX 320 ($4.18) to GBX 310 ($4.05) in a report published on Monday, October 28th, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
A number of other equities analysts have also issued reports on the stock. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Liberum Capital lowered shares of Royal Mail to a sell rating in a research report on Tuesday, September 24th. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Jefferies Financial Group reissued an underperform rating on shares of Royal Mail in a research note on Thursday, July 11th. Finally, Barclays reissued an overweight rating on shares of Royal Mail in a research note on Monday, October 14th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 215.50 ($2.82).
LON:RMG opened at GBX 222.50 ($2.91) on Monday. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 367 ($4.80). The company’s 50-day moving average price is GBX 214.25 and its two-hundred day moving average price is GBX 217.27. The firm has a market cap of $2.20 billion and a PE ratio of 12.71. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
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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