Credit Suisse Group Cuts Royal Mail (LON:RMG) Price Target to GBX 94

Royal Mail (LON:RMG) had its price target cut by Credit Suisse Group from GBX 95 ($1.17) to GBX 94 ($1.16) in a research report sent to investors on Tuesday morning, Stock Target Advisor reports. They currently have an underperform rating on the stock.

RMG has been the subject of several other reports. Deutsche Bank reissued a hold rating on shares of Royal Mail in a research report on Friday, June 26th. Berenberg Bank restated a sell rating on shares of Royal Mail in a research note on Thursday, June 11th. Liberum Capital restated a sell rating on shares of Royal Mail in a research note on Thursday, June 25th. Jefferies Financial Group restated an underperform rating on shares of Royal Mail in a research note on Friday, June 26th. Finally, Sanford C. Bernstein upgraded shares of Royal Mail to a market perform rating and boosted their price objective for the stock from GBX 135 ($1.66) to GBX 165 ($2.03) in a research note on Monday, May 18th. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Royal Mail currently has a consensus rating of Hold and an average price target of GBX 158.92 ($1.96).

RMG stock opened at GBX 172.10 ($2.12) on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The company has a market capitalization of $1.72 billion and a price-to-earnings ratio of 5.33. Royal Mail has a 12 month low of GBX 118.86 ($1.46) and a 12 month high of GBX 258.60 ($3.18). The firm has a 50 day moving average of GBX 175.42 and a two-hundred day moving average of GBX 179.29.

Royal Mail (LON:RMG) last posted its 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, research analysts expect that Royal Mail will post 2834.0001931 EPS for the current fiscal year.

In related news, insider Stuart Simpson sold 19,354 shares of the company’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). Over the last quarter, insiders have purchased 186 shares of company stock valued at $30,021.

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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