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Royal Mail (LON:RMG)‘s stock had its “hold” rating reiterated by equities research analysts at Liberum Capital in a report released on Wednesday, June 26th, Digital Look reports. They presently have a GBX 185 ($2.42) target price on the stock. Liberum Capital’s target price suggests a potential downside of 13.23% from the company’s current price.
Other analysts also recently issued reports about the company. Deutsche Bank reduced their price objective on BOX from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, June 4th. Credit Suisse Group set a €80.00 ($93.02) price objective on Siltronic and gave the stock a “neutral” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. assumed coverage on INTL CONS AIRL/S in a report on Tuesday, June 4th. They issued an “overweight” rating on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of in a report on Thursday, June 20th. Finally, Societe Generale upgraded Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
RMG stock traded up GBX 3.10 ($0.04) during trading on Wednesday, hitting GBX 213.20 ($2.79). 2,864,809 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The firm’s 50-day moving average price is GBX 205.49. The firm has a market capitalization of $2.13 billion and a PE ratio of 12.18. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 499.10 ($6.52). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73.
In other Royal Mail news, insider Rico Back bought 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last three months, insiders purchased 251,794 shares of company stock worth $51,708,848.
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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