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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reissued by Barclays in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
Several other equities analysts also recently commented on RMG. Deutsche Bank set a $142.00 target price on MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, June 28th. Berenberg Bank restated a “hold” rating and set a GBX 240 ($3.14) target price on shares of in a research report on Thursday, June 20th. Goldman Sachs Group downgraded SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Credit Suisse Group set a €80.00 ($93.02) target price on Siltronic and gave the stock a “neutral” rating in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. started coverage on INTL CONS AIRL/S in a research report on Tuesday, June 4th. They set an “overweight” rating for the company. Four investment 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. Royal Mail currently has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
Royal Mail stock opened at GBX 213.20 ($2.79) on Friday. 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 company has a market cap of $2.13 billion and a P/E ratio of 12.18. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 499.10 ($6.52). The stock’s 50 day moving average is GBX 205.49.
In other Royal Mail news, insider Rico Back acquired 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last quarter, insiders acquired 251,794 shares of company stock valued at $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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