Royal Mail (LON:RMG) PT Lowered to GBX 480

Royal Mail (LON:RMG – Get Rating) had its price objective lowered by Berenberg Bank from GBX 575 ($6.87) to GBX 480 ($5.74) in a note issued to investors on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 65.06% from the stock’s previous close.

A number of other brokerages also recently issued reports on RMG. Citigroup reiterated a “buy” rating and issued a GBX 790 ($9.44) price target on shares of Royal Mail in a report on Thursday, May 12th. JPMorgan Chase & Co. cut their price target on Royal Mail from GBX 702 ($8.39) to GBX 632 ($7.56) and set an “overweight” rating on the stock in a report on Monday, May 23rd. Barclays cut their price target on Royal Mail from GBX 400 ($4.78) to GBX 320 ($3.83) and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 240 ($2.87) price target on shares of Royal Mail in a report on Thursday, June 23rd. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, Royal Mail presently has a consensus rating of “Moderate Buy” and an average price target of GBX 426.88 ($5.10).

Royal Mail Trading Up 0.3 %

RMG opened at GBX 290.80 ($3.48) on Thursday. The stock’s fifty day moving average is GBX 290.44 and its two-hundred day moving average is GBX 355.12. The company has a market capitalization of £2.78 billion and a P/E ratio of 476.72. Royal Mail has a 52 week low of GBX 257.43 ($3.08) and a 52 week high of GBX 535.20 ($6.40). The company has a quick ratio of 1.06, a current ratio of 1.10 and a debt-to-equity ratio of 41.49.

Royal Mail Company Profile

(Get Rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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