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

Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank restated a hold rating on shares of Royal Mail in a research report on Friday, June 26th. Citigroup reissued a buy rating on shares of Royal Mail in a research note on Monday, June 22nd. Barclays cut their price target on shares of Royal Mail from GBX 250 ($3.08) to GBX 200 ($2.46) and set an overweight rating on the stock in a research note on Friday, June 26th. Jefferies Financial Group reaffirmed 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 lifted their price objective for the company from GBX 135 ($1.66) to GBX 165 ($2.03) in a report on Monday, May 18th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 159.17 ($1.96).

Royal Mail stock opened at GBX 182.25 ($2.24) on Tuesday. The firm’s 50 day moving average price is GBX 175.12 and its two-hundred day moving average price is GBX 179.71. Royal Mail has a twelve month low of GBX 118.86 ($1.46) and a twelve month high of GBX 258.60 ($3.18). The firm has a market cap of $1.65 billion and a PE ratio of 5.33. 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 issued its quarterly earnings results 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)). Equities analysts anticipate 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 stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 158 ($1.94), for a total value of £30,579.32 ($37,631.45). Insiders have acquired a total of 186 shares of company stock worth $30,021 over the last 90 days.

About Royal Mail

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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