Royal Mail (LON:RMG) Price Target Lowered to GBX 200 at Societe Generale

Royal Mail (LON:RMG) had its price target lowered by Societe Generale from GBX 208 ($2.74) to GBX 200 ($2.63) in a research note issued on Wednesday, December 4th, Stock Target Advisor reports. The brokerage currently has a “hold” rating on the stock. Societe Generale’s target price points to a potential downside of 15.43% from the stock’s current price.

Several other research firms have also recently weighed in on RMG. Sanford C. Bernstein cut Royal Mail to a “market perform” rating and decreased their target price for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Barclays reissued 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. Royal Bank of Canada reduced their price target on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a research note on Friday, November 22nd. Finally, Liberum Capital dropped their price target on Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a “sell” rating on the stock in a research report on Wednesday, November 27th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).

Royal Mail stock opened at GBX 236.50 ($3.11) on Wednesday. Royal Mail has a 12-month low of GBX 186.80 ($2.46) and a 12-month high of GBX 315.70 ($4.15). The stock has a market cap of $2.37 billion and a P/E ratio of 7.32. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The company has a fifty day simple moving average of GBX 218.34 and a 200-day simple moving average of GBX 211.79.

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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