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Royal Mail (LON:RMG) was downgraded by investment analysts at HSBC to a “hold” rating in a note issued to investors on Friday, June 7th, ThisIsMoney.Co.Uk reports. They currently have a GBX 216 ($2.82) price target on the stock, down from their prior price target of GBX 300 ($3.92). HSBC’s target price would suggest a potential upside of 4.70% from the company’s current price.
RMG has been the topic of a number of other reports. Liberum Capital reaffirmed a “sell” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Wednesday, May 22nd. UBS Group restated a “neutral” rating and issued a GBX 282 ($3.68) price target (down from GBX 354 ($4.63)) on shares of Royal Mail in a research note on Monday, February 11th. Jefferies Financial Group reduced their price target on shares of Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating on the stock in a research note on Monday, June 3rd. Barclays cut their target price on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating on the stock in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Royal Mail to a “neutral” rating and lifted their target price for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. Four 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 currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
Shares of RMG traded down GBX 0.40 ($0.01) during trading hours on Friday, hitting GBX 206.30 ($2.70). The company had a trading volume of 4,825,760 shares, compared to its average volume of 5,850,000. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 511.80 ($6.69). The stock has a market capitalization of $2.06 billion and a price-to-earnings ratio of 11.79. The stock has a fifty day moving average price of GBX 214.90. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
In related news, insider Rico Back acquired 200,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders bought a total of 251,794 shares of company stock valued at $51,708,848 in the last quarter.
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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