Royal Mail (LON:RMG) PT Lowered to GBX 200

Royal Mail (LON:RMG) had its price objective dropped by stock analysts at 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 indicates a potential downside of 15.97% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Barclays reiterated an “overweight” rating and issued a GBX 250 ($3.29) price target 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 on the stock in a report on Wednesday, October 9th. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Deutsche Bank restated a “sell” rating and set a GBX 150 ($1.97) price objective on shares of Royal Mail in a research report on Friday, November 22nd. Finally, Sanford C. Bernstein lowered Royal Mail to a “market perform” rating and dropped their price target for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Royal Mail currently has a consensus rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).

Shares of LON:RMG traded down GBX 4.50 ($0.06) during mid-day trading on Wednesday, reaching GBX 238 ($3.13). 5,143,121 shares of the company traded hands, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. Royal Mail has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 308.50 ($4.06). The firm has a market cap of $2.38 billion and a PE ratio of 7.37. The company’s 50 day moving average price is GBX 220.56 and its 200-day moving average price is GBX 212.54.

In other news, insider Rico Back bought 300,000 shares of Royal Mail stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last 90 days, insiders purchased 300,083 shares of company stock valued at $70,219,890.

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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