Royal Mail (LON:RMG) Price Target Lowered to GBX 200 at Barclays

Royal Mail (LON:RMG) had its price objective cut by Barclays from GBX 250 ($3.08) to GBX 200 ($2.46) in a report issued on Friday, Stock Target Advisor reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Citigroup reaffirmed a buy rating on shares of Royal Mail in a research report on Monday, June 22nd. Sanford C. Bernstein raised Royal Mail to a market perform rating and upped their target price for the stock from GBX 135 ($1.66) to GBX 165 ($2.03) in a research report on Monday, May 18th. Liberum Capital reaffirmed a sell rating on shares of Royal Mail in a research report on Thursday, June 25th. Deutsche Bank raised Royal Mail to a hold rating and upped their target price for the stock from GBX 93 ($1.14) to GBX 183 ($2.25) in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Royal Mail in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 159.25 ($1.96).

Shares of LON RMG opened at GBX 172.20 ($2.12) on Friday. The stock has a market cap of $1.65 billion and a price-to-earnings ratio of 5.33. The business has a 50 day simple moving average of GBX 175.21 and a 200 day simple moving average of 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 debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76.

Royal Mail (LON:RMG) last announced its quarterly earnings results on Thursday, June 25th. The company reported GBX 19.60 ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 21.70 ($0.27) by GBX (2.10) (($0.03)). On average, analysts predict that Royal Mail will post 2834.0001931 EPS for the current year.

In related news, insider Stuart Simpson sold 19,354 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 158 ($1.94), for a total value of £30,579.32 ($37,631.45). Insiders bought 186 shares of company stock valued at $30,021 over the last three months.

Royal Mail Company Profile

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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Analyst Recommendations for Royal Mail (LON:RMG)

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