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Royal Mail (LON:RMG) had its target price dropped by equities research analysts at Societe Generale from GBX 208 ($2.74) to GBX 200 ($2.63) in a report issued 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.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Royal Bank of Canada cut their price target on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a report on Wednesday, October 9th. Liberum Capital cut their price objective on Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a “sell” rating on the stock in a research report on Wednesday, November 27th. 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a research report on Friday, November 22nd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
Shares of LON RMG traded up GBX 3 ($0.04) during mid-day trading on Wednesday, reaching GBX 238.10 ($3.13). 8,618,981 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 308.50 ($4.06). The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The business has a 50-day simple moving average of GBX 221.58 and a 200 day simple moving average of GBX 212.80. The stock has a market cap of $2.38 billion and a P/E ratio of 7.37.
In other news, insider Rico Back purchased 300,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders acquired a total of 300,083 shares of company stock worth $70,219,890 over the last quarter.
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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