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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reissued by research analysts at Barclays in a research report issued to clients and investors on Thursday, November 21st, Digital Look reports. They currently have a GBX 250 ($3.27) price objective on the stock. Barclays‘s target price would indicate a potential upside of 14.42% from the stock’s previous close.
A number of other analysts have also weighed in on RMG. Deutsche Bank restated a “sell” rating and issued a GBX 150 ($1.96) target price on shares of Royal Mail in a research report on Friday, November 22nd. Liberum Capital reiterated a “sell” rating and set a GBX 175 ($2.29) price target (down from GBX 185 ($2.42)) on shares of Royal Mail in a report on Thursday, November 21st. Goldman Sachs Group dropped their price target on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Finally, Royal Bank of Canada lowered their target price on 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. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Royal Mail has a consensus rating of “Hold” and a consensus target price of GBX 211.54 ($2.76).
LON RMG traded up GBX 4.80 ($0.06) during trading on Thursday, hitting GBX 218.50 ($2.86). 3,494,047 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The company has a market cap of $2.19 billion and a PE ratio of 6.76. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The stock’s 50 day moving average price is GBX 217.59 and its two-hundred day moving average price is GBX 212.17. 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).
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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