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Royal Mail (LON:RMG) had its target price decreased by equities research analysts at Liberum Capital from GBX 175 ($2.30) to GBX 120 ($1.58) in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm presently has a “sell” rating on the stock. Liberum Capital’s price objective points to a potential downside of 33.11% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 148 ($1.95) target price (down from GBX 159 ($2.09)) on shares of Royal Mail in a research report on Wednesday, February 5th. Credit Suisse Group lowered their price objective on shares of Royal Mail from GBX 152 ($2.00) to GBX 138 ($1.82) and set an “underperform” rating on the stock in a research report on Monday, February 10th. Sanford C. Bernstein downgraded shares of Royal Mail to an “underperform” rating and lowered their price objective for the company from GBX 225 ($2.96) to GBX 135 ($1.78) in a research report on Friday, February 7th. Jefferies Financial Group lowered their price objective on shares of Royal Mail from GBX 150 ($1.97) to GBX 140 ($1.84) and set an “underperform” rating on the stock in a research report on Friday, February 7th. Finally, Goldman Sachs Group lowered their price objective on shares of 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. Eight investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 174.17 ($2.29).
Royal Mail stock opened at GBX 179.40 ($2.36) on Wednesday. The firm’s 50 day simple moving average is GBX 203.55 and its 200-day simple moving average is GBX 212.82. The company has a market cap of $1.79 billion and a P/E ratio of 5.55. 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 168.05 ($2.21) and a fifty-two week high of GBX 295.50 ($3.89).
In related news, insider Michael Findlay acquired 16,690 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of GBX 179 ($2.35) per share, with a total value of £29,875.10 ($39,299.00). Also, insider Rico Back acquired 300,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average cost of GBX 179 ($2.35) per share, for a total transaction of £537,000 ($706,393.05). Insiders have purchased 631,829 shares of company stock worth $129,572,490 over the last ninety days.
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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