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Royal Mail (LON:RMG) had its price target decreased by equities research analysts at Liberum Capital from GBX 185 ($2.42) to GBX 175 ($2.29) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “sell” rating on the stock. Liberum Capital’s target price points to a potential downside of 15.54% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Royal Bank of Canada cut their price target 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 note on Wednesday, October 9th. Barclays reiterated an “overweight” rating and set a GBX 250 ($3.27) price objective on shares of Royal Mail in a research note on Thursday, November 21st. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Goldman Sachs Group lowered their target price on Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a “buy” rating on the stock in a report on Monday. Finally, Deutsche Bank reiterated a “sell” rating and issued a GBX 150 ($1.96) price objective on shares of Royal Mail in a report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail has an average rating of “Hold” and an average price target of GBX 211.08 ($2.76).
Shares of Royal Mail stock opened at GBX 207.20 ($2.71) on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. Royal Mail has a twelve month low of GBX 186.80 ($2.44) and a twelve month high of GBX 347.50 ($4.54). The business has a 50-day moving average price of GBX 216.72 and a 200 day moving average price of GBX 213.71. The firm has a market cap of $2.07 billion and a PE ratio of 6.41.
About Royal Mail
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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