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Royal Mail (LON:RMG) was downgraded by equities research analysts at HSBC to a “hold” rating in a research report issued to clients and investors on Friday, June 7th, ThisIsMoney.Co.Uk reports. They presently have a GBX 216 ($2.82) price objective on the stock, down from their previous price objective of GBX 300 ($3.92). HSBC’s target price points to a potential upside of 4.50% from the company’s current price.
Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. raised shares of Royal Mail to a “neutral” rating and raised their target price for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Deutsche Bank lowered their target price on shares of Royal Mail from GBX 180 ($2.35) to GBX 150 ($1.96) and set a “sell” rating on the stock in a report on Tuesday, June 4th. Jefferies Financial Group lowered their target price on shares of Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating on the stock in a report on Monday, June 3rd. Credit Suisse Group lowered their target price on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a report on Wednesday, May 29th. Finally, Goldman Sachs Group raised shares of Royal Mail to a “buy” rating and lowered their target price for the stock from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Royal Mail currently has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
Royal Mail stock traded up GBX 0.40 ($0.01) during trading hours on Friday, hitting GBX 206.70 ($2.70). The company had a trading volume of 22,725,833 shares, compared to its average volume of 5,850,000. The stock has a market cap of $2.07 billion and a P/E ratio of 11.81. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 511.80 ($6.69).
In related news, insider Rico Back bought 200,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders acquired 251,794 shares of company stock worth $51,708,848 in the last 90 days.
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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