Related Articles
Royal Mail (LON:RMG)‘s stock had its “hold” rating reaffirmed by equities researchers at Liberum Capital in a research report issued on Wednesday, June 26th, LSE.Co.UK reports. They currently have a GBX 185 ($2.42) price objective on the stock. Liberum Capital’s price target suggests a potential downside of 12.41% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Berenberg Bank restated a “hold” rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Thursday, June 20th. Societe Generale upgraded Royal Mail to a “hold” rating and dropped their price target for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Goldman Sachs Group restated a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. HSBC downgraded Royal Mail to a “hold” rating and dropped their price target for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. raised Royal Mail to a “neutral” rating and raised their target price for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Royal Mail currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
Royal Mail stock opened at GBX 211.20 ($2.76) on Wednesday. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The stock has a market cap of $2.11 billion and a P/E ratio of 12.07. The stock has a 50 day moving average of GBX 207.76. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 506.80 ($6.62).
In related news, insider Rico Back purchased 51,702 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have bought 251,794 shares of company stock valued at $51,708,848 in the last ninety days.
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.
Further Reading: What are the advantages of the Stochastic Momentum Index?
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
