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Royal Mail (LON:RMG) had its target price dropped by equities researchers at Goldman Sachs Group from GBX 310 ($4.05) to GBX 300 ($3.92) in a research report issued to clients and investors on Monday, November 25th, Stock Target Advisor reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s target price indicates a potential upside of 40.38% from the stock’s previous close.
RMG has been the topic of a number of other research reports. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 150 ($1.96) price target on shares of Royal Mail in a research report on Friday, November 22nd. JPMorgan Chase & Co. reduced their target price on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating on the stock in a report on Friday, November 22nd. Barclays reiterated an “overweight” rating and issued a GBX 250 ($3.27) price target on shares of Royal Mail in a research note on Thursday, November 21st. Royal Bank of Canada dropped their price objective on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating on the stock in a research report on Wednesday, October 9th. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail presently has a consensus rating of “Hold” and an average target price of GBX 211.54 ($2.76).
Royal Mail stock opened at GBX 213.70 ($2.79) on Monday. The firm has a market cap of $2.14 billion and a PE ratio of 6.62. The company’s 50 day moving average is GBX 217.55 and its two-hundred day moving average is GBX 212.28. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 315.70 ($4.13). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
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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