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Royal Mail (LON:RMG) had its price objective reduced by investment analysts at Goldman Sachs Group from GBX 320 ($4.21) to GBX 280 ($3.68) in a research note issued on Friday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective points to a potential upside of 54.82% from the company’s previous close.
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 148 ($1.95) price objective (down previously from GBX 159 ($2.09)) on shares of Royal Mail in a report on Wednesday, February 5th. Sanford C. Bernstein downgraded shares of Royal Mail to an “underperform” rating and reduced their price objective for the stock from GBX 225 ($2.96) to GBX 135 ($1.78) in a report on Friday, February 7th. Liberum Capital reduced their price objective on shares of Royal Mail from GBX 175 ($2.30) to GBX 120 ($1.58) and set a “sell” rating for the company in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of Royal Mail from GBX 150 ($1.97) to GBX 140 ($1.84) and set an “underperform” rating for the company in a report on Friday, February 7th. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a report on Friday, January 10th. Eight analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 172.50 ($2.27).
RMG stock opened at GBX 180.85 ($2.38) on Friday. The company has a market capitalization of $1.83 billion and a P/E ratio of 5.60. The company has a 50-day simple moving average of GBX 201.63 and a 200 day simple moving average of GBX 212.53. Royal Mail has a fifty-two week low of GBX 168.05 ($2.21) and a fifty-two week high of GBX 295.50 ($3.89). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
In other Royal Mail news, insider Rico Back purchased 300,000 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was bought at an average cost of GBX 179 ($2.35) per share, with a total value of £537,000 ($706,393.05). Also, insider Maria da Cunha purchased 15,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of GBX 177 ($2.33) per share, with a total value of £26,550 ($34,925.02). Insiders acquired a total of 631,829 shares of company stock valued at $129,572,490 over the last three months.
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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