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Royal Mail (LON:RMG) had its price target cut by Royal Bank of Canada from GBX 315 ($4.12) to GBX 200 ($2.61) in a research report sent to investors on Wednesday morning, Digital Look reports. They currently have a sector performer rating on the stock.
Other equities analysts also recently issued reports about the stock. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a research note on Thursday, July 11th. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Barclays reiterated an overweight rating on shares of Royal Mail in a research report on Friday, July 12th. Berenberg Bank reiterated a hold rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Thursday, June 20th. Finally, Societe Generale upgraded shares of Royal Mail to a hold rating and lowered their price target for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 221.33 ($2.89).
Shares of LON RMG opened at GBX 218.10 ($2.85) on Wednesday. Royal Mail has a 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 371.30 ($4.85). The company has a market cap of $2.18 billion and a PE ratio of 12.46. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company has a 50-day moving average of GBX 209.82 and a two-hundred day moving average of GBX 221.29.
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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