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Royal Mail (LON:RMG) had its price target dropped by equities research analysts at Berenberg Bank from GBX 150 ($1.97) to GBX 145 ($1.91) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “sell” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 17.50% from the stock’s current price.
RMG has been the topic of several other research reports. Sanford C. Bernstein downgraded Royal Mail to an “underperform” rating and cut their price objective for the company from GBX 225 ($2.96) to GBX 135 ($1.78) in a research report on Friday. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 150 ($1.97) price objective on shares of Royal Mail in a research report on Friday. Liberum Capital reiterated a “sell” rating on shares of Royal Mail in a report on Thursday. Goldman Sachs Group lowered their target price on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a report on Monday, November 25th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Mail in a report on Friday, January 10th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 190.69 ($2.51).
Shares of Royal Mail stock opened at GBX 175.75 ($2.31) on Monday. The stock’s fifty day moving average is GBX 215.73 and its two-hundred day moving average is GBX 215.02. The company has a market capitalization of $1.79 billion and a PE ratio of 5.44. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. Royal Mail has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 295.50 ($3.89).
In related news, insider Rico Back acquired 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of GBX 179 ($2.35) per share, for a total transaction of £537,000 ($706,393.05). Insiders have purchased a total of 600,128 shares of company stock valued at $123,929,880 over the last 90 days.
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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