Royal Mail (LON:RMG) Price Target Cut to GBX 200 by Analysts at Societe Generale

Royal Mail (LON:RMG) had its target price lowered by investment analysts at Societe Generale from GBX 208 ($2.74) to GBX 200 ($2.63) in a research report issued on Wednesday, December 4th, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the stock. Societe Generale’s target price would indicate a potential downside of 14.60% from the company’s current price.

RMG has been the topic of a number of other research reports. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Sanford C. Bernstein downgraded 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 research report on Friday, November 29th. Liberum Capital lowered their price target on Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a “sell” rating on the stock in a research report on Wednesday, November 27th. Goldman Sachs Group lowered their price target on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating on the stock in a research report on Monday, November 25th. Finally, Royal Bank of Canada lowered their price target 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 report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 211.54 ($2.78).

Shares of RMG traded up GBX 0.90 ($0.01) during midday trading on Wednesday, hitting GBX 234.20 ($3.08). The stock had a trading volume of 2,841,968 shares, compared to its average volume of 5,850,000. The company has a 50 day simple moving average of GBX 224.15 and a two-hundred day simple moving average of GBX 213.89. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 308.50 ($4.06). The firm has a market cap of $2.34 billion and a price-to-earnings ratio of 7.25. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.

In other news, insider Rico Back acquired 300,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Over the last 90 days, insiders have acquired 300,083 shares of company stock valued at $70,219,890.

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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