Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by equities research analysts at Deutsche Bank in a research report issued on Friday, November 22nd, Marketbeat reports. They presently have a GBX 150 ($1.97) target price on the stock. Deutsche Bank’s price target suggests a potential downside of 34.04% from the stock’s previous close.
Several other research firms have also weighed in on RMG. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Goldman Sachs Group lowered their target price on Royal Mail from GBX 320 ($4.21) to GBX 310 ($4.08) and set a “buy” rating for the company in a research note on Monday, October 28th. Liberum Capital restated a “sell” rating and issued a GBX 175 ($2.30) price objective (down previously from GBX 185 ($2.43)) on shares of Royal Mail in a research report on Thursday, November 21st. JPMorgan Chase & Co. lowered shares of Royal Mail to an “underweight” rating and reduced their target price for the stock from GBX 252 ($3.31) to GBX 192 ($2.53) in a research report on Tuesday, October 29th. Finally, Barclays reissued an “overweight” rating on shares of Royal Mail in a research note on Monday, October 14th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 211.54 ($2.78).
LON:RMG traded up GBX 5.70 ($0.07) during trading hours on Friday, reaching GBX 227.40 ($2.99). The company had a trading volume of 4,037,290 shares, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 315.70 ($4.15). The firm has a market capitalization of $2.27 billion and a PE ratio of 7.04. The stock has a 50-day moving average of GBX 217.58 and a two-hundred day moving average of GBX 211.90. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
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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