Royal Mail (LON:RMG) had its price target lowered by investment analysts at Goldman Sachs Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a research report issued to clients and investors on Monday, November 25th, Stock Target Advisor reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s target price would suggest a potential upside of 31.93% from the stock’s current price.
A number of other research analysts have also recently commented on RMG. Deutsche Bank reaffirmed a “sell” rating and set a GBX 150 ($1.97) price target on shares of Royal Mail in a research report on Friday, November 22nd. Royal Bank of Canada dropped their price target on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a research report on Wednesday, October 9th. Barclays reaffirmed an “overweight” rating and set a GBX 250 ($3.29) price target on shares of Royal Mail in a research report on Thursday, November 21st. Liberum Capital reiterated a “sell” rating and set a GBX 175 ($2.30) price objective (down from GBX 185 ($2.43)) on shares of Royal Mail in a research note on Thursday, November 21st. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
RMG stock traded up GBX 5.70 ($0.07) during midday trading on Monday, hitting GBX 227.40 ($2.99). The company’s stock had a trading volume of 4,037,290 shares, 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 315.70 ($4.15). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The stock’s 50-day moving average price is GBX 217.72 and its 200 day moving average price is GBX 211.85. The stock has a market cap of $2.27 billion and a price-to-earnings ratio of 7.04.
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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