Royal Mail (LON:RMG) Given New GBX 120 Price Target at Liberum Capital

Royal Mail (LON:RMG) had its target price trimmed by Liberum Capital from GBX 175 ($2.30) to GBX 120 ($1.58) in a report released on Wednesday morning, Stock Target Advisor reports. They currently have a sell rating on the stock.

Several other equities analysts also recently commented on RMG. Sanford C. Bernstein downgraded shares of Royal Mail to an underperform rating and decreased their price objective for the company from GBX 225 ($2.96) to GBX 135 ($1.78) in a report on Friday, February 7th. Barclays reiterated an overweight rating on shares of Royal Mail in a report on Friday, January 10th. Societe Generale downgraded shares of Royal Mail to a sell rating and decreased their price objective for the company from GBX 200 ($2.63) to GBX 148 ($1.95) in a report on Tuesday, February 11th. Berenberg Bank decreased their price objective on shares of Royal Mail from GBX 150 ($1.97) to GBX 145 ($1.91) and set a sell rating on the stock in a report on Monday, February 10th. Finally, Goldman Sachs Group decreased 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 report on Monday, November 25th. Eight analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 172.50 ($2.27).

LON:RMG opened at GBX 178.40 ($2.35) on Wednesday. Royal Mail has a one year low of GBX 168.05 ($2.21) and a one year high of GBX 295.50 ($3.89). The company has a market cap of $1.78 billion and a P/E ratio of 5.52. The firm’s fifty day moving average price is GBX 200.56 and its two-hundred day moving average price is GBX 212.37. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.

In other Royal Mail news, insider Maria da Cunha purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of GBX 177 ($2.33) per share, for a total transaction of £26,550 ($34,925.02). Also, insider Rico Back purchased 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders purchased 631,829 shares of company stock worth $129,572,490 over the last 90 days.

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.

Featured Article: What is a stock portfolio tracker?

Analyst Recommendations for Royal Mail (LON:RMG)

Receive News & Ratings for Royal Mail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail and related companies with MarketBeat.com's FREE daily email newsletter.