https://techknowbits.com/2019/12/19/royal-mail-lonrmg-price-target-cut-to-gbx-300-by-analysts-at-goldman-sachs-group-updated-updated-updated.htmlRoyal Mail (LON:RMG) Given New GBX 300 Price Target at Goldman Sachs Group
Posted by Rex Hubbard on Dec 19th, 2019
Royal Mail logoRoyal Mail (LON:RMG) had its price target dropped by analysts at Goldman Sachs Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a research report issued to clients and investors on Monday, November 25th, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 27.61% from the company’s previous close.
A number of other research analysts have also recently issued reports on RMG. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Deutsche Bank reiterated a “sell” rating and issued a GBX 150 ($1.97) price target on shares of Royal Mail in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut their price target on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a report on Friday, November 22nd. Barclays restated an “overweight” rating and set a GBX 250 ($3.29) target price on shares of Royal Mail in a research note on Thursday, November 21st. Finally, Royal Bank of Canada reduced their price target on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
LON:RMG traded down GBX 2.90 ($0.04) during trading hours on Monday, hitting GBX 235.10 ($3.09). The company had a trading volume of 4,696,004 shares, compared to its average volume of 5,850,000. Royal Mail has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 308.50 ($4.06). The stock has a 50-day moving average price of GBX 220.56 and a 200 day moving average price of GBX 212.54. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The company has a market capitalization of $2.36 billion and a PE ratio of 7.28.
In other Royal Mail news, insider Rico Back purchased 300,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders acquired a total of 300,083 shares of company stock valued at $70,219,890 in the last quarter.
About Royal MailRoyal Mail plc, together with its subsidiaries, operates as a 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.