Related Articles
Royal Mail (LON:RMG) had its price target lowered by research analysts at Jefferies Financial Group from GBX 220 ($2.87) to GBX 170 ($2.22) in a research note issued to investors on Monday, June 3rd, ThisIsMoney.Co.Uk reports. The brokerage presently has an “underperform” rating on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 13.57% from the stock’s current price.
A number of other brokerages have also commented on RMG. Liberum Capital raised Royal Mail to a “hold” rating and lowered their price target for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a report on Friday, May 24th. UBS Group reaffirmed a “neutral” rating and set a GBX 282 ($3.68) target price (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a research note on Monday, February 11th. HSBC raised Royal Mail to a “buy” rating and decreased their target price for the company from GBX 347 ($4.53) to GBX 300 ($3.92) in a research note on Monday, February 4th. Berenberg Bank raised Royal Mail to a “hold” rating and decreased their target price for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research note on Monday, April 1st. Finally, Credit Suisse Group decreased their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a research report on Wednesday, May 29th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
LON RMG traded down GBX 9.60 ($0.13) on Monday, reaching GBX 196.70 ($2.57). The company had a trading volume of 14,532,749 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $1.97 billion and a price-to-earnings ratio of 11.24. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 511.80 ($6.69). The firm’s 50-day moving average is GBX 214.90. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
In other news, insider Rico Back acquired 51,702 shares of Royal Mail stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have bought 251,794 shares of company stock valued at $51,708,848 over the last ninety days.
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.
Read More: What are the Different Types of Leveraged Buyouts?
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
