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Royal Mail (LON:RMG) had its target price reduced by research analysts at Goldman Sachs Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a report issued on Monday, November 25th, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 23.71% from the company’s current price.
Several other equities analysts have also commented on the company. Deutsche Bank reissued a “sell” rating and set a GBX 150 ($1.97) price target on shares of Royal Mail in a research report on Friday, November 22nd. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Barclays reaffirmed an “overweight” rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a research report on Thursday, November 21st. JPMorgan Chase & Co. cut their target price on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 175 ($2.30) target price (down from GBX 185 ($2.43)) on shares of Royal Mail in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
Royal Mail stock traded down GBX 8 ($0.11) during midday trading on Monday, hitting GBX 242.50 ($3.19). 4,837,440 shares of the company were exchanged, compared to its average volume of 5,850,000. The company’s fifty day moving average price is GBX 219.74 and its 200-day moving average price is GBX 212.25. The company has a market cap of $2.43 billion and a PE ratio of 7.51. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. Royal Mail has a fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 308.50 ($4.06).
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.
Further Reading: Current Ratio
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