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Royal Mail (LON:RMG) had its target price lowered by research analysts at Goldman Sachs Group from GBX 310 ($4.05) to GBX 300 ($3.92) in a research note issued to investors on Monday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s target price would indicate a potential upside of 45.00% from the stock’s previous close.
Several other research firms also recently commented on RMG. Deutsche Bank reaffirmed a “sell” rating and set a GBX 150 ($1.96) price objective on shares of Royal Mail in a report on Friday, November 22nd. Royal Bank of Canada dropped their price objective on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating on the stock in a report on Wednesday, October 9th. Liberum Capital reaffirmed a “sell” rating on shares of Royal Mail in a report on Thursday, November 21st. Barclays reaffirmed an “overweight” rating and set a GBX 250 ($3.27) price objective on shares of Royal Mail in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating on the stock in a report on Friday, November 22nd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 211.08 ($2.76).
LON RMG opened at GBX 206.90 ($2.70) on Monday. The company has a market cap of $2.07 billion and a PE ratio of 6.41. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 347.50 ($4.54). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The firm’s 50-day simple moving average is GBX 216.72 and its two-hundred day simple moving average is GBX 213.71.
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.
Further Reading: Trading based on a resistance level
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