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Royal Mail (LON:RMG) was downgraded by stock analysts at HSBC to a “hold” rating in a research report issued on Friday, June 7th, ThisIsMoney.Co.Uk reports. They presently have a GBX 216 ($2.82) target price on the stock, down from their prior target price of GBX 300 ($3.92). HSBC’s price objective would indicate a potential upside of 4.50% from the stock’s current price.
Other research analysts also recently issued reports about the company. Goldman Sachs Group raised Royal Mail to a “buy” rating and dropped their price objective for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research note on Friday, May 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research note on Wednesday, May 22nd. Liberum Capital raised Royal Mail to a “hold” rating and dropped their price objective for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research note on Friday, May 24th. JPMorgan Chase & Co. raised Royal Mail to a “neutral” rating and boosted their price objective for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 282 ($3.68) price target (down from GBX 354 ($4.63)) on shares of Royal Mail in a research note on Monday, February 11th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
LON RMG opened at GBX 206.70 ($2.70) on Friday. The stock has a market capitalization of $2.07 billion and a price-to-earnings ratio of 11.81. 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 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 511.80 ($6.69).
In other news, insider Rico Back acquired 200,000 shares of Royal Mail stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Over the last ninety days, insiders bought 251,794 shares of company stock valued at $51,708,848.
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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