Home / Royal Mail / Royal Bank of Canada Cuts Royal Mail (LON:RMG) Price Target to GBX 200

Royal Bank of Canada Cuts Royal Mail (LON:RMG) Price Target to GBX 200

Royal Mail (LON:RMG) had its target price cut by Royal Bank of Canada from GBX 315 ($4.12) to GBX 200 ($2.61) in a research report report published on Wednesday, October 9th, Digital Look reports. They currently have a sector performer rating on the stock.

Several other research firms have also commented on RMG. Morgan Stanley raised Royal Mail to an equal weight rating in a research report on Monday, July 15th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Royal Mail in a research report on Friday, September 20th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a report on Friday, July 12th. Berenberg Bank reissued a hold rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a report on Thursday, June 20th. Finally, Liberum Capital lowered Royal Mail to a sell rating in a report on Tuesday, September 24th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 215.50 ($2.82).

RMG stock traded up GBX 4.90 ($0.06) during trading on Wednesday, hitting GBX 216.50 ($2.83). 2,515,110 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The stock has a market capitalization of $2.18 billion and a price-to-earnings ratio of 12.37. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 370 ($4.83). The business has a 50-day moving average price of GBX 215.26 and a two-hundred day moving average price of GBX 218.29. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04.

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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Analyst Recommendations for Royal Mail (LON:RMG)



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