Royal Mail (LON:RMG) had its price objective reduced by equities researchers 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 firm currently has a “hold” rating on the stock. Societe Generale’s price target would indicate a potential downside of 12.01% from the stock’s previous close.
A number of other analysts have also recently commented on the company. Royal Bank of Canada reduced their price objective 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 report on Wednesday, October 9th. Barclays restated an “overweight” rating and set a GBX 250 ($3.29) price target on shares of Royal Mail in a research note on Thursday, November 21st. 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. Goldman Sachs Group lowered their price objective on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating on the stock in a research note on Monday, November 25th. Finally, Liberum Capital cut their target price on shares of Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a “sell” rating for the company in a research report on Wednesday, November 27th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Royal Mail has a consensus rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
Shares of RMG stock opened at GBX 229.50 ($3.02) on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. 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 market capitalization of $2.30 billion and a price-to-earnings ratio of 7.11. The stock’s fifty day simple moving average is GBX 217.72 and its 200-day simple moving average is GBX 211.85.
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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