Royal Mail (LON:RMG) had its price target lowered by equities research analysts at Societe Generale from GBX 208 ($2.72) to GBX 200 ($2.61) in a note issued to investors on Wednesday, Stock Target Advisor reports. The firm presently has a “hold” rating on the stock. Societe Generale’s price target suggests a potential downside of 6.72% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Barclays restated an “overweight” rating and issued a GBX 250 ($3.27) price objective on shares of Royal Mail in a research report on Thursday, November 21st. JPMorgan Chase & Co. reduced their target price on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Liberum Capital decreased their price target on shares of Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a “sell” rating on the stock in a research note on Wednesday, November 27th. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price objective on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a research report on Wednesday, October 9th. Five 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 company. The stock has an average rating of “Hold” and an average price target of GBX 211.54 ($2.76).
Shares of LON RMG opened at GBX 214.40 ($2.80) on Wednesday. The firm’s 50-day simple moving average is GBX 217.55 and its 200 day simple moving average is GBX 212.28. The company has a market cap of $2.14 billion and a price-to-earnings ratio of 6.64. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 315.70 ($4.13).
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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