Royal Mail (LON:RMG – Get Rating) was downgraded by Liberum Capital to a “sell” rating in a report issued on Wednesday, Digital Look reports. They currently have a GBX 355 ($4.76) price target on the stock, down from their prior price target of GBX 470 ($6.31). Liberum Capital’s price target suggests a potential downside of 4.47% from the stock’s previous close.
RMG has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their target price on Royal Mail from GBX 777 ($10.43) to GBX 768 ($10.30) and set an “overweight” rating on the stock in a report on Friday, January 14th. Citigroup reiterated a “buy” rating and issued a GBX 1,000 ($13.42) target price on shares of Royal Mail in a report on Thursday, December 16th. Peel Hunt reiterated a “buy” rating and issued a GBX 625 ($8.39) target price on shares of Royal Mail in a report on Thursday, November 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Royal Mail in a report on Tuesday, February 8th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 640 ($8.59) target price on shares of Royal Mail in a report on Friday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 685.45 ($9.20).
Shares of LON:RMG opened at GBX 371.60 ($4.99) on Wednesday. The company has a market cap of £3.67 billion and a P/E ratio of 4.26. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 43.81. Royal Mail has a 52 week low of GBX 364 ($4.88) and a 52 week high of GBX 613.80 ($8.24). The business has a fifty day simple moving average of GBX 462.60 and a 200-day simple moving average of GBX 469.39.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.