Royal Mail (LON:RMG) PT Lowered to GBX 150

Royal Mail (LON:RMG) had its price target reduced by stock analysts at Deutsche Bank from GBX 180 ($2.35) to GBX 150 ($1.96) in a research report issued on Tuesday, June 4th, ThisIsMoney.Co.Uk reports. The brokerage presently has a “sell” rating on the stock. Deutsche Bank’s price objective points to a potential downside of 29.21% from the stock’s previous close.

Several other brokerages also recently issued reports on RMG. Liberum Capital reiterated a “sell” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Wednesday, May 22nd. Jefferies Financial Group lowered their price target on shares of Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating for the company in a report on Monday, June 3rd. Barclays lowered their price target on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating for the company in a report on Wednesday, May 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Royal Mail in a report on Wednesday, May 15th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Wednesday, May 22nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).

Shares of RMG stock traded down GBX 0.20 ($0.00) during trading on Tuesday, hitting GBX 211.90 ($2.77). The company had a trading volume of 5,593,940 shares, compared to its average volume of 5,850,000. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The company has a market cap of $2.12 billion and a price-to-earnings ratio of 12.11. The stock’s 50-day simple moving average is GBX 211.82. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 511.80 ($6.69).

In related news, insider Rico Back acquired 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders purchased 251,794 shares of company stock valued at $51,708,848 over the last 90 days.

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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