Royal Mail (LON:RMG) Price Target Lowered to GBX 200 at Barclays
Royal Mail (LON:RMG) had its price target reduced by Barclays from GBX 250 ($3.08) to GBX 200 ($2.46) in a research report released on Friday morning, Stock Target Advisor reports. Barclays currently has an overweight rating on the stock.
RMG has been the subject of a number of other research reports. Citigroup restated a buy rating on shares of Royal Mail in a research note on Monday, June 22nd. Berenberg Bank restated a sell rating on shares of Royal Mail in a research note on Thursday, June 11th. JPMorgan Chase & Co. restated an underweight rating on shares of Royal Mail in a research note on Wednesday, May 6th. Societe Generale dropped their price target on shares of Royal Mail from GBX 148 ($1.82) to GBX 105 ($1.29) and set a sell rating for the company in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group dropped their price target on shares of Royal Mail from GBX 140 ($1.72) to GBX 120 ($1.48) and set an underperform rating for the company in a research note on Monday, March 30th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Royal Mail currently has an average rating of Hold and a consensus target price of GBX 159.25 ($1.96).
RMG opened at GBX 172.20 ($2.12) on Friday. The firm has a market capitalization of $1.65 billion and a P/E ratio of 5.33. The firm’s 50 day moving average is GBX 175.21 and its 200-day moving average is GBX 179.98. Royal Mail has a 52-week low of GBX 118.86 ($1.46) and a 52-week high of GBX 258.60 ($3.18). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
In other Royal Mail news, insider Stuart Simpson sold 19,354 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of GBX 158 ($1.94), for a total transaction of £30,579.32 ($37,631.45). In the last quarter, insiders have acquired 186 shares of company stock valued at $30,021.
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.
Further Reading: Earnings Per Share
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.