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Royal Mail (LON:RMG) had its price objective reduced by investment analysts at Goldman Sachs Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a research note issued to investors on Monday, November 25th, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 26.05% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Barclays reaffirmed an “overweight” rating and set a GBX 250 ($3.29) target price on shares of Royal Mail in a report on Thursday, November 21st. JPMorgan Chase & Co. cut their target price on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a research report on Friday, November 22nd. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Deutsche Bank reissued a “sell” rating and set a GBX 150 ($1.97) price objective on shares of Royal Mail in a research note on Friday, November 22nd. Finally, Royal Bank of Canada reduced their target price on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Royal Mail presently has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
RMG stock traded down GBX 4.50 ($0.06) during mid-day trading on Monday, reaching GBX 238 ($3.13). The company had a trading volume of 5,143,121 shares, compared to its average volume of 5,850,000. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06). The company has a market capitalization of $2.38 billion and a PE ratio of 7.37. The firm has a 50 day moving average of GBX 220.25 and a 200 day moving average of GBX 212.41. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.
In related news, insider Rico Back purchased 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders purchased 300,083 shares of company stock worth $70,219,890 over the last ninety days.
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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