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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by analysts at Liberum Capital in a research note issued on Thursday, November 21st, Stock Target Advisor reports. They currently have a GBX 175 ($2.30) price objective on the stock, down from their previous price objective of GBX 185 ($2.43). Liberum Capital’s price objective suggests a potential downside of 26.00% from the stock’s current price.
RMG has been the subject of several other research reports. Barclays restated an “overweight” rating on shares of Royal Mail in a report on Monday, October 14th. Royal Bank of Canada lowered their price target on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. JPMorgan Chase & Co. cut Royal Mail to an “underweight” rating and lowered their price target for the company from GBX 252 ($3.31) to GBX 192 ($2.53) in a report on Tuesday, October 29th. Finally, Goldman Sachs Group lowered their price target on Royal Mail from GBX 320 ($4.21) to GBX 310 ($4.08) and set a “buy” rating for the company in a report on Monday, October 28th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Royal Mail has a consensus rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
Royal Mail stock traded up GBX 4.30 ($0.06) during midday trading on Thursday, reaching GBX 236.50 ($3.11). 13,108,027 shares of the company were exchanged, compared to its average volume of 5,850,000. The company has a market capitalization of $2.37 billion and a price-to-earnings ratio of 7.32. The firm’s 50-day simple moving average is GBX 218.34 and its 200-day simple moving average is GBX 211.79. Royal Mail has a 1 year low of GBX 186.80 ($2.46) and a 1 year high of GBX 315.70 ($4.15). The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76.
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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