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Royal Mail (LON:RMG) had its price target decreased by equities researchers at Societe Generale from GBX 208 ($2.74) to GBX 200 ($2.63) in a research report issued to clients and investors on Wednesday, December 4th, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the stock. Societe Generale’s price target indicates a potential downside of 13.19% from the company’s previous close.
A number of other brokerages also recently commented on RMG. Barclays restated an “overweight” rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a research note on Thursday, November 21st. Liberum Capital lowered their price target on shares of Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a “sell” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank reiterated a “sell” rating and issued a GBX 150 ($1.97) price objective on shares of Royal Mail in a report on Friday, November 22nd. Sanford C. Bernstein cut shares of Royal Mail to a “market perform” rating and decreased their price objective for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Finally, Royal Bank of Canada decreased their price objective on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Royal Mail has an average rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
Shares of RMG stock traded down GBX 3.80 ($0.05) during mid-day trading on Wednesday, hitting GBX 230.40 ($3.03). 2,918,418 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The stock has a market cap of $2.30 billion and a price-to-earnings ratio of 7.13. Royal Mail has a fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 308.50 ($4.06). The stock has a 50-day simple moving average of GBX 224.15 and a two-hundred day simple moving average of GBX 213.89.
In other news, insider Rico Back acquired 300,000 shares of Royal Mail stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last quarter, insiders have purchased 300,083 shares of company stock valued at $70,219,890.
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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