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Royal Mail (LON:RMG) had its price objective cut by Royal Bank of Canada from GBX 315 ($4.12) to GBX 200 ($2.61) in a report released on Wednesday, October 9th, Digital Look reports. They currently have a sector performer rating on the stock.
Several other equities research analysts have also weighed in on the company. Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Jefferies Financial Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. Societe Generale raised Royal Mail to a hold rating and lowered their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Barclays reaffirmed an overweight rating on shares of Royal Mail in a report on Friday, July 12th. Finally, Berenberg Bank reaffirmed a hold rating and set a GBX 240 ($3.14) target price on shares of Royal Mail in a report on Thursday, June 20th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 215.50 ($2.82).
Royal Mail stock opened at GBX 216.50 ($2.83) on Wednesday. The stock has a 50 day moving average of GBX 215.26 and a 200-day moving average of GBX 218.29. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 370 ($4.83). The stock has a market cap of $2.18 billion and a P/E ratio of 12.37. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04.
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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