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Royal Mail (LON:RMG) had its price target trimmed by Goldman Sachs Group from GBX 320 ($4.18) to GBX 310 ($4.05) in a report issued on Monday, October 28th, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the stock.
A number of other research firms have also issued reports on RMG. Barclays reiterated an overweight rating on shares of Royal Mail in a research note on Monday, October 14th. Royal Bank of Canada reduced their price target on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. Morgan Stanley raised Royal Mail to an equal weight rating in a report on Monday, July 15th. Jefferies Financial Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Royal Mail in a report on Wednesday, October 16th. 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 company currently has an average rating of Hold and an average target price of GBX 215.50 ($2.82).
Shares of RMG stock traded up GBX 3.10 ($0.04) during trading hours on Monday, reaching GBX 230.80 ($3.02). The company had a trading volume of 6,263,928 shares, compared to its average volume of 5,850,000. 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 367 ($4.80). The company has a market capitalization of $2.31 billion and a P/E ratio of 13.19. The stock’s fifty day simple moving average is GBX 214.34 and its 200 day simple moving average is GBX 216.11.
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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