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Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by equities researchers at Deutsche Bank in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also issued reports on the stock. Societe Generale dropped their target price on shares of Royal Mail from GBX 208 ($2.72) to GBX 200 ($2.61) and set a “hold” rating for the company in a report on Wednesday. Royal Bank of Canada lowered their price target 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. Barclays reaffirmed an “overweight” rating and set a GBX 250 ($3.27) price objective on shares of Royal Mail in a research note on Thursday, November 21st. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Finally, Liberum Capital cut their price objective on shares of Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a “sell” rating for the company in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Royal Mail has an average rating of “Hold” and a consensus target price of GBX 211.54 ($2.76).
Shares of RMG stock opened at GBX 213.70 ($2.79) on Friday. Royal Mail has a fifty-two week low of GBX 186.80 ($2.44) and a fifty-two week high of GBX 315.70 ($4.13). The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The stock’s fifty day moving average is GBX 217.55 and its two-hundred day moving average is GBX 212.28. The firm has a market capitalization of $2.14 billion and a P/E ratio of 6.62.
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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