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Royal Mail (LON:RMG) had its price target dropped by stock analysts at Jefferies Financial Group from GBX 150 ($1.97) to GBX 140 ($1.84) in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage currently has an “underperform” rating on the stock. Jefferies Financial Group’s target price points to a potential downside of 21.70% from the stock’s current price.
A number of other research analysts also recently issued reports on the company. Berenberg Bank upgraded Royal Mail to a “sell” rating and cut their price target for the company from GBX 240 ($3.16) to GBX 150 ($1.97) in a report on Tuesday, February 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 148 ($1.95) price target (down from GBX 159 ($2.09)) on shares of Royal Mail in a report on Wednesday. Deutsche Bank reiterated a “sell” rating and issued a GBX 150 ($1.97) price target on shares of Royal Mail in a report on Friday. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Liberum Capital reiterated a “sell” rating on shares of Royal Mail in a report on Thursday. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 194.54 ($2.56).
Shares of LON:RMG opened at GBX 178.80 ($2.35) on Friday. Royal Mail has a 12-month low of GBX 186.80 ($2.46) and a 12-month high of GBX 295.50 ($3.89). The business’s fifty day simple moving average is GBX 215.73 and its 200-day simple moving average is GBX 215.02. The company has a market capitalization of $1.79 billion and a PE ratio of 5.54. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.
In other Royal Mail news, insider Rico Back acquired 300,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was purchased at an average price of GBX 179 ($2.35) per share, with a total value of £537,000 ($706,393.05). Insiders bought a total of 600,128 shares of company stock valued at $123,929,880 in the last three months.
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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