Royal Mail (LON:RMG) had its target price cut by stock analysts at Credit Suisse Group from GBX 95 ($1.17) to GBX 94 ($1.16) in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “underperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential downside of 45.41% from the company’s previous close.
Several other brokerages have also commented on RMG. Barclays dropped their price target on shares of Royal Mail from GBX 250 ($3.08) to GBX 200 ($2.46) and set an “overweight” rating for the company in a research report on Friday. Citigroup reaffirmed a “buy” rating on shares of Royal Mail in a research report on Monday, June 22nd. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a research report on Friday. Societe Generale dropped their price target on shares of Royal Mail from GBX 148 ($1.82) to GBX 105 ($1.29) and set a “sell” rating for the company in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Royal Mail in a research report on Friday. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Royal Mail presently has a consensus rating of “Hold” and a consensus target price of GBX 159.17 ($1.96).
LON:RMG opened at GBX 172.20 ($2.12) on Tuesday. The firm has a 50 day simple moving average of GBX 175.21 and a 200-day simple moving average of GBX 179.98. 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 firm has a market cap of $1.65 billion and a PE ratio of 5.33. Royal Mail has a 1-year low of GBX 118.86 ($1.46) and a 1-year high of GBX 258.60 ($3.18).
Royal Mail (LON:RMG) last posted its quarterly earnings data on Thursday, June 25th. The company reported GBX 19.60 ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 21.70 ($0.27) by GBX (2.10) (($0.03)). As a group, sell-side analysts expect that Royal Mail will post 2834.0001931 earnings per share for the current fiscal year.
In other Royal Mail news, insider Stuart Simpson sold 19,354 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of GBX 158 ($1.94), for a total transaction of £30,579.32 ($37,631.45). Over the last quarter, insiders have acquired 186 shares of company stock valued at $30,021.
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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