Royal Mail (LON:RMG) Downgraded by HSBC to “Hold”

Royal Mail (LON:RMG) was downgraded by stock analysts at HSBC to a “hold” rating in a report released on Friday, June 7th, ThisIsMoney.Co.Uk reports. They presently have a GBX 216 ($2.82) target price on the stock, down from their prior target price of GBX 300 ($3.92). HSBC’s price objective would indicate a potential upside of 9.81% from the stock’s previous close.

Several other equities research analysts have also commented on RMG. Liberum Capital reiterated a “sell” rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Wednesday, May 22nd. UBS Group reissued a “neutral” rating and set a GBX 282 ($3.68) price target (down from GBX 354 ($4.63)) on shares of Royal Mail in a report on Monday, February 11th. Jefferies Financial Group lowered their price target on Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating on the stock in a report on Monday, June 3rd. Barclays lowered their price target on Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating on the stock in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. raised Royal Mail to a “neutral” rating and raised their price target for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Four 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 stock. The stock currently has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).

Shares of LON RMG traded down GBX 9.60 ($0.13) during trading on Friday, hitting GBX 196.70 ($2.57). 14,532,749 shares of the company were exchanged, compared to its average volume of 5,850,000. The stock has a market cap of $1.97 billion and a P/E ratio of 11.24. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 511.80 ($6.69). The stock has a fifty day moving average price of GBX 213.85. 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 other Royal Mail news, insider Rico Back acquired 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last quarter, insiders acquired 251,794 shares of company stock valued at $51,708,848.

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.

Featured Story: Dividend Achievers

Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.