Royal Mail (LON:RMG) Lowered to Hold at HSBC

Royal Mail (LON:RMG) was downgraded by equities research analysts at HSBC to a “hold” rating in a research note issued to investors on Friday, June 7th, ThisIsMoney.Co.Uk reports. They presently have a GBX 216 ($2.82) price objective on the stock, down from their prior price objective of GBX 300 ($3.92). HSBC’s target price points to a potential upside of 4.50% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Deutsche Bank dropped their price objective on shares of Royal Mail from GBX 250 ($3.27) to GBX 180 ($2.35) and set a “sell” rating on the stock in a report on Friday, February 8th. UBS Group reissued a “neutral” rating and set a GBX 282 ($3.68) target price (down from GBX 354 ($4.63)) on shares of Royal Mail in a research report on Monday, February 11th. Berenberg Bank raised shares of Royal Mail to a “hold” rating and reduced their price objective for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Liberum Capital reaffirmed a “sell” rating on shares of Royal Mail in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Royal Mail in a research report on Wednesday, May 15th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).

Shares of Royal Mail stock traded up GBX 0.40 ($0.01) during trading on Friday, hitting GBX 206.70 ($2.70). The company’s stock had a trading volume of 18,952,207 shares, compared to its average volume of 5,850,000. The stock has a market cap of $2.07 billion and a price-to-earnings ratio of 11.81. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 515.80 ($6.74).

In other news, insider Rico Back bought 51,702 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders acquired a total of 251,794 shares of company stock worth $51,708,848 over 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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