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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Thursday, November 21st, Digital Look reports. They currently have a GBX 250 ($3.27) target price on the stock. Barclays‘s price objective would indicate a potential upside of 19.90% from the company’s current price.
Several other brokerages also recently commented on RMG. Goldman Sachs Group lowered their target price on shares of Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a report on Monday, October 28th. Royal Bank of Canada lowered their target price on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Liberum Capital reiterated a “sell” rating and issued a GBX 175 ($2.29) target price (down previously from GBX 185 ($2.42)) on shares of Royal Mail in a report on Thursday, November 21st. Deutsche Bank restated a “sell” rating and set a GBX 150 ($1.96) price objective on shares of Royal Mail in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating for the company in a report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 212.15 ($2.77).
LON RMG traded down GBX 9.20 ($0.12) on Thursday, hitting GBX 208.50 ($2.72). 5,113,312 shares of the company were exchanged, compared to its average volume of 5,850,000. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 347.50 ($4.54). The company has a market cap of $2.10 billion and a PE ratio of 6.46. The stock has a fifty day moving average of GBX 217.42 and a 200-day moving average of GBX 213.37. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.
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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