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Royal Mail (LON:RMG) had its price target cut by equities researchers at Goldman Sachs Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a report released on Monday, November 25th, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target indicates a potential upside of 26.00% from the company’s current price.
Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. dropped their price target on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a research note on Friday, November 22nd. Barclays reaffirmed an “overweight” rating and issued a GBX 250 ($3.29) price target on shares of Royal Mail in a research note on Thursday, November 21st. Royal Bank of Canada cut their target price 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. Liberum Capital reiterated a “sell” rating and set a GBX 175 ($2.30) price target (down from GBX 185 ($2.43)) on shares of Royal Mail in a report on Thursday, November 21st. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
Shares of LON RMG traded up GBX 3 ($0.04) during midday trading on Monday, hitting GBX 238.10 ($3.13). 6,943,890 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. Royal Mail has a 12-month low of GBX 186.80 ($2.46) and a 12-month high of GBX 308.50 ($4.06). The company has a market cap of $2.38 billion and a price-to-earnings ratio of 7.37. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The business’s fifty day moving average price is GBX 221.04 and its two-hundred day moving average price is GBX 212.67.
In related news, insider Rico Back acquired 300,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). In the last three months, insiders purchased 300,083 shares of company stock worth $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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