Royal Mail (LON:RMG) had its price objective reduced by Royal Bank of Canada from GBX 315 ($4.12) to GBX 200 ($2.61) in a research report released on Wednesday, Digital Look reports. Royal Bank of Canada currently has a sector performer rating on the stock.
RMG has been the subject of several other research reports. Barclays reaffirmed an overweight rating on shares of Royal Mail in a research note on Friday, July 12th. Jefferies Financial Group reissued an underperform rating on shares of Royal Mail in a research note on Thursday, July 11th. Liberum Capital lowered Royal Mail to a sell rating in a research note on Tuesday, September 24th. Societe Generale raised Royal Mail to a hold rating and decreased their price target for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Finally, Deutsche Bank reissued a sell rating on shares of Royal Mail in a research note on Friday, July 12th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Royal Mail has a consensus rating of Hold and an average target price of GBX 221.33 ($2.89).
Royal Mail stock opened at GBX 200.40 ($2.62) on Wednesday. The company’s 50 day simple moving average is GBX 209.04 and its 200 day simple moving average is GBX 221.87. Royal Mail has a fifty-two week low of GBX 186.80 ($2.44) and a fifty-two week high of GBX 371.30 ($4.85). The firm has a market capitalization of $2.00 billion and a price-to-earnings ratio of 11.45. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73.
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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