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Royal Mail (LON:RMG) had its price objective cut by research analysts at Goldman Sachs Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a research 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 objective suggests a potential upside of 35.32% from the stock’s current price.
A number of other analysts also recently issued reports on RMG. 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 on the stock in a report on Wednesday, October 9th. 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 report on Thursday, November 21st. Barclays reiterated 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. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Deutsche Bank restated a “sell” rating and issued a GBX 150 ($1.97) price target on shares of Royal Mail in a research report on Friday, November 22nd. Five 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’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
Shares of Royal Mail stock traded up GBX 3.20 ($0.04) during trading hours on Monday, hitting GBX 221.70 ($2.92). The company’s stock had a trading volume of 3,252,183 shares, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. 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 business has a 50 day moving average price of GBX 217.58 and a two-hundred day moving average price of GBX 211.90. The company has a market cap of $2.21 billion and a PE ratio of 6.86.
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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