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Royal Mail (LON:RMG) Given New GBX 145 Price Target at JPMorgan Chase & Co.

Last updated on Thursday, July 2nd, 2020 by MarketBeat

Royal Mail (LON:RMG) had its target price decreased by JPMorgan Chase & Co. from GBX 148 ($1.82) to GBX 145 ($1.78) in a research note issued on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential downside of 15.87% from the stock's current price.

RMG has been the topic of a number of other research reports. Credit Suisse Group reduced their price objective on Royal Mail from GBX 95 ($1.17) to GBX 94 ($1.16) and set an "underperform" rating on the stock in a research note on Tuesday. Citigroup reissued a "buy" rating on shares of Royal Mail in a research report on Monday, June 22nd. Jefferies Financial Group reissued an "underperform" rating on shares of Royal Mail in a research report on Friday, June 26th. Societe Generale cut their target price on Royal Mail from GBX 148 ($1.82) to GBX 105 ($1.29) and set a "sell" rating on the stock in a research report on Wednesday, April 1st. Finally, Berenberg Bank reissued a "sell" rating on shares of Royal Mail in a research report on Thursday, June 11th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus target price of GBX 158.92 ($1.96).

Shares of LON RMG opened at GBX 172.35 ($2.12) on Thursday. Royal Mail has a one year low of GBX 118.86 ($1.46) and a one year high of GBX 258.60 ($3.18). 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 firm's 50 day simple moving average is GBX 175.17 and its two-hundred day simple moving average is GBX 179.48. The stock has a market capitalization of $1.72 billion and a P/E ratio of 5.34.

Royal Mail (LON:RMG) last announced its quarterly earnings results on Thursday, June 25th. The company reported GBX 19.60 ($0.24) EPS for the quarter, missing analysts' consensus estimates of GBX 21.70 ($0.27) by GBX (2.10) (($0.03)). As a group, equities analysts expect that Royal Mail will post 2834.0001931 earnings per share for the current fiscal year.

In related news, insider Stuart Simpson sold 19,354 shares of the firm's 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 bought 186 shares of company stock worth $30,021 over the last three months.

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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