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Royal Mail (LON:RMG) had its price objective cut by investment analysts at Berenberg Bank from GBX 145 ($1.91) to GBX 115 ($1.51) in a research report issued on Friday, Stock Target Advisor reports. The brokerage presently has a “sell” rating on the stock. Berenberg Bank’s price objective indicates a potential downside of 13.86% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group reduced their target price on shares of Royal Mail from GBX 320 ($4.21) to GBX 280 ($3.68) and set a “buy” rating on the stock in a research note on Friday, February 21st. Societe Generale downgraded shares of Royal Mail to a “sell” rating and reduced their target price for the stock from GBX 200 ($2.63) to GBX 148 ($1.95) in a research note on Tuesday, February 11th. Sanford C. Bernstein downgraded shares of Royal Mail to an “underperform” rating and reduced their target price for the stock from GBX 225 ($2.96) to GBX 135 ($1.78) in a research note on Friday, February 7th. Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a research note on Friday, January 10th. Finally, Liberum Capital reaffirmed a “sell” rating on shares of Royal Mail in a research note on Wednesday, March 18th. Eight investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 165.83 ($2.18).
Shares of RMG stock opened at GBX 133.50 ($1.76) on Friday. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The firm’s 50-day moving average is GBX 164.08 and its two-hundred day moving average is GBX 204.51. Royal Mail has a 12 month low of GBX 118.86 ($1.56) and a 12 month high of GBX 266.70 ($3.51). The company has a market capitalization of $1.34 billion and a PE ratio of 4.13.
In related news, insider Rico Back purchased 300,000 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was acquired at an average cost of GBX 179 ($2.35) per share, for a total transaction of £537,000 ($706,393.05). Also, insider Maria da Cunha purchased 15,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of GBX 177 ($2.33) per share, with a total value of £26,550 ($34,925.02). Over the last quarter, insiders have acquired 331,789 shares of company stock valued at $59,362,490.
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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