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Royal Mail (LON:RMG) had its target price lowered by equities research analysts at Societe Generale from GBX 208 ($2.74) to GBX 200 ($2.63) in a research report issued to clients and investors on Wednesday, December 4th, Stock Target Advisor reports. The brokerage currently has a “hold” rating on the stock. Societe Generale’s price objective would indicate a potential downside of 16.00% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on RMG. Goldman Sachs Group decreased their price target on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a report on Monday, November 25th. Royal Bank of Canada decreased their target price on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Deutsche Bank reissued a “sell” rating and issued a GBX 150 ($1.97) price objective on shares of Royal Mail in a research report on Friday, November 22nd. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 250 ($3.29) target price on shares of Royal Mail in a research report on Thursday, November 21st. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
LON RMG traded up GBX 3 ($0.04) during trading on Wednesday, hitting GBX 238.10 ($3.13). 6,943,890 shares of the company traded hands, compared to its average volume of 5,850,000. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06). The business has a fifty day simple moving average of GBX 221.58 and a 200 day simple moving average of GBX 212.80. 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 company has a market capitalization of $2.38 billion and a P/E ratio of 7.37.
In related news, insider Rico Back bought 300,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). In the last three months, insiders purchased 300,083 shares of company stock worth $70,219,890.
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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