Royal Mail PLC (RMG) Receives GBX 340.09 Average PT from Analysts

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Shares of Royal Mail PLC (LON:RMG) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 340.09 ($4.44).

A number of brokerages recently weighed in on RMG. UBS Group reaffirmed a “neutral” rating and set a GBX 354 ($4.63) price objective on shares of Royal Mail in a research report on Friday, January 25th. Liberum Capital reaffirmed a “sell” rating and set a GBX 240 ($3.14) price objective (down previously from GBX 250 ($3.27)) on shares of Royal Mail in a research report on Tuesday, January 29th. JPMorgan Chase & Co. cut Royal Mail to an “underweight” rating in a research note on Thursday, January 24th. Goldman Sachs Group cut Royal Mail to a “neutral” rating and decreased their price target for the company from GBX 380 ($4.97) to GBX 360 ($4.70) in a research note on Monday, January 21st. Finally, Deutsche Bank decreased their price target on Royal Mail from GBX 250 ($3.27) to GBX 180 ($2.35) and set a “sell” rating for the company in a research note on Friday, February 8th.

In other Royal Mail news, insider Rico Back purchased 150,000 shares of the firm’s stock in a transaction on Tuesday, January 29th. The stock was bought at an average cost of GBX 261 ($3.41) per share, for a total transaction of £391,500 ($511,564.09). Over the last quarter, insiders acquired 150,073 shares of company stock valued at $39,169,797.

RMG stock traded down GBX 3.30 ($0.04) during trading on Friday, reaching GBX 262 ($3.42). 6,974,018 shares of the company traded hands, compared to its average volume of 5,850,000. Royal Mail has a 12 month low of GBX 232.40 ($3.04) and a 12 month high of GBX 632.60 ($8.27). The company has a market cap of $2.62 billion and a P/E ratio of 27.87. The company has a debt-to-equity ratio of 16.69, a current ratio of 0.78 and a quick ratio of 0.74.

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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