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Royal Mail (LON:RMG) had its price target reduced by investment analysts at Jefferies Financial Group from GBX 220 ($2.87) to GBX 170 ($2.22) in a research report issued to clients and investors on Monday, June 3rd, ThisIsMoney.Co.Uk reports. The firm currently has an “underperform” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 15.13% from the company’s previous close.
RMG has been the topic of several other research reports. HSBC upgraded shares of Royal Mail to a “buy” rating and lowered their price objective for the company from GBX 347 ($4.53) to GBX 300 ($3.92) in a research report on Monday, February 4th. Liberum Capital restated a “sell” rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Wednesday, May 22nd. UBS Group restated a “neutral” rating and set a GBX 282 ($3.68) price objective (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a research report on Monday, February 11th. Barclays lowered their price objective on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating on the stock in a research report on Wednesday, May 22nd. Finally, Deutsche Bank decreased their target price on shares of Royal Mail from GBX 250 ($3.27) to GBX 180 ($2.35) and set a “sell” rating on the stock in a research report on Friday, February 8th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Royal Mail currently has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
LON:RMG traded up GBX 3.60 ($0.05) during trading hours on Monday, hitting GBX 200.30 ($2.62). The stock had a trading volume of 6,081,455 shares, compared to its average volume of 5,850,000. The business’s 50 day moving average price is GBX 213.85. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 511.80 ($6.69). The stock has a market cap of $2.03 billion and a price-to-earnings ratio of 11.45.
In other news, insider Rico Back acquired 51,702 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last quarter, insiders purchased 251,794 shares of company stock worth $51,708,848.
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.
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