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

Royal Mail (LON:RMG) had its price objective cut by Royal Bank of Canada from GBX 315 ($4.12) to GBX 200 ($2.61) in a report published on Wednesday, October 9th, Digital Look reports. They currently have a sector performer rating on the stock.

RMG has been the subject of a number of other reports. Liberum Capital cut Royal Mail to a sell rating in a research note on Tuesday, September 24th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Jefferies Financial Group reissued an underperform rating on shares of Royal Mail in a research report on Thursday, July 11th. JPMorgan Chase & Co. restated a neutral rating on shares of Royal Mail in a research note on Friday, September 20th. Finally, Berenberg Bank restated a hold rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research note on Thursday, June 20th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 215.50 ($2.82).

Royal Mail stock traded up GBX 0.70 ($0.01) on Wednesday, reaching GBX 211.60 ($2.76). The company’s stock had a trading volume of 2,486,105 shares, compared to its average volume of 5,850,000. The business’s fifty day moving average price is GBX 215.87 and its 200 day moving average price is GBX 218.67. The company has a market cap of $2.12 billion and a price-to-earnings ratio of 12.09. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a twelve month low of GBX 186.80 ($2.44) and a twelve month high of GBX 370 ($4.83).

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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