Royal Mail (LON:RMG) had its price objective reduced by Credit Suisse Group from GBX 95 ($1.17) to GBX 94 ($1.16) in a research report report published 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. Societe Generale cut their target price 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. Liberum Capital restated a sell rating on shares of Royal Mail in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed an underperform rating on shares of Royal Mail in a report on Friday, June 26th. Berenberg Bank reaffirmed a sell rating on shares of Royal Mail in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. reissued an underweight rating on shares of Royal Mail in a report on Friday, June 26th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 159.17 ($1.96).
RMG opened at GBX 182.25 ($2.24) on Tuesday. The company has a 50-day moving average of GBX 175.12 and a 200-day moving average of GBX 179.71. The company has a market capitalization of $1.65 billion and a P/E ratio of 5.33. Royal Mail has a 1-year low of GBX 118.86 ($1.46) and a 1-year 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 data on Thursday, June 25th. The company reported GBX 19.60 ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 21.70 ($0.27) by GBX (2.10) (($0.03)). As a group, sell-side analysts expect that Royal Mail will post 2834.0001931 earnings per share for the current fiscal year.
In other news, insider Stuart Simpson sold 19,354 shares of Royal Mail stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 158 ($1.94), for a total transaction of £30,579.32 ($37,631.45). Insiders have acquired a total of 186 shares of company stock valued at $30,021 in the last ninety days.
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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