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Royal Mail (LON:RMG) had its price objective lowered by equities research analysts at Societe Generale from GBX 208 ($2.74) to GBX 200 ($2.63) in a report issued on Wednesday, December 4th, Stock Target Advisor reports. The firm currently has a “hold” rating on the stock. Societe Generale’s target price suggests a potential downside of 14.27% from the stock’s current price.
Several other analysts also recently commented on the stock. Sanford C. Bernstein downgraded shares of Royal Mail to a “market perform” rating and lowered their target price for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Goldman Sachs Group reduced their price objective on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a research report on Monday, November 25th. Barclays reiterated an “overweight” rating and issued a GBX 250 ($3.29) price objective on shares of Royal Mail in a research note on Thursday, November 21st. Royal Bank of Canada cut their target price on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a research note on Wednesday, October 9th. Finally, Liberum Capital reduced their target price on Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a “sell” rating for the company in a report on Wednesday, November 27th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail currently has an average rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
Shares of RMG traded down GBX 0.90 ($0.01) during trading hours on Wednesday, reaching GBX 233.30 ($3.07). The stock had a trading volume of 1,228,204 shares, compared to its average volume of 5,850,000. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06). The company has a market capitalization of $2.33 billion and a price-to-earnings ratio of 7.22. The firm has a 50-day simple moving average of GBX 223.54 and a 200 day simple moving average of GBX 213.55. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.
In other Royal Mail news, insider Rico Back bought 300,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have purchased a total of 300,083 shares of company stock worth $70,219,890 in the last ninety days.
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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