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Royal Mail (LON:RMG) had its price objective reduced by Goldman Sachs Group from GBX 320 ($4.18) to GBX 310 ($4.05) in a research report released on Monday, October 28th, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Several other analysts have also recently weighed in on the company. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Royal Mail in a report on Wednesday, October 16th. Royal Bank of Canada lowered their target price on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group reiterated an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. Finally, Barclays restated an overweight rating on shares of Royal Mail in a report on Monday, October 14th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 215.50 ($2.82).
Royal Mail stock traded up GBX 4.40 ($0.06) during trading hours on Monday, hitting GBX 224.10 ($2.93). 2,990,297 shares of the stock traded hands, compared to its average volume of 5,850,000. The firm’s 50-day moving average price is GBX 214.07 and its two-hundred day moving average price is GBX 216.41. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company has a market cap of $2.24 billion and a PE ratio of 12.81. Royal Mail has a one year low of GBX 186.80 ($2.44) and a one year high of GBX 367 ($4.80).
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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