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Royal Mail (LON:RMG) had its price objective reduced by research analysts at Goldman Sachs Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a research report issued to clients and investors on Monday, November 25th, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 29.20% from the company’s current price.
RMG has been the subject of a number of other reports. Liberum Capital reaffirmed a “sell” rating and issued a GBX 175 ($2.30) price target (down from GBX 185 ($2.43)) on shares of Royal Mail in a research note on Thursday, November 21st. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 150 ($1.97) price target on shares of Royal Mail in a research note on Friday, November 22nd. Barclays reaffirmed an “overweight” rating and issued a GBX 250 ($3.29) price target on shares of Royal Mail in a research note on Thursday, November 21st. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Finally, Royal Bank of Canada lowered their target price on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 211.54 ($2.78).
LON RMG traded up GBX 3.60 ($0.05) on Monday, hitting GBX 232.20 ($3.05). 4,328,487 shares of the company were exchanged, compared to its average volume of 5,850,000. The company has a market cap of $2.34 billion and a P/E ratio of 7.19. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 315.70 ($4.15). The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The firm has a 50 day moving average of GBX 218.05 and a two-hundred day moving average of GBX 211.77.
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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