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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by equities research analysts at Liberum Capital in a research report issued to clients and investors on Thursday, November 21st, Stock Target Advisor reports. They presently have a GBX 175 ($2.29) price objective on the stock, down from their prior price objective of GBX 185 ($2.42). Liberum Capital’s target price would indicate a potential downside of 16.07% from the company’s current price.
RMG has been the subject of several other reports. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Goldman Sachs Group cut their target price on shares of Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a report on Monday, October 28th. Royal Bank of Canada cut their target price on shares of 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. Barclays reissued an “overweight” rating on shares of Royal Mail in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. lowered shares of Royal Mail to an “underweight” rating and cut their price target for the stock from GBX 252 ($3.29) to GBX 192 ($2.51) in a report on Tuesday, October 29th. Five investment 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’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 212.15 ($2.77).
LON RMG traded down GBX 9.20 ($0.12) on Thursday, hitting GBX 208.50 ($2.72). 5,113,312 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. Royal Mail has a 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 347.50 ($4.54). The firm’s 50-day moving average price is GBX 217.42 and its two-hundred day moving average price is GBX 213.37. The firm has a market capitalization of $2.10 billion and a PE ratio of 6.46.
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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