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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by investment analysts at Deutsche Bank in a research report issued to clients and investors on Friday, July 12th, ThisIsMoney.Co.Uk reports.
Other equities analysts also recently issued reports about the stock. Liberum Capital restated a “hold” rating on shares of Daily Mail and General Trust P L C in a research note on Tuesday, July 2nd. Berenberg Bank restated a “hold” rating and issued a GBX 240 ($3.14) target price on shares of in a research note on Thursday, June 20th. Jefferies Financial Group upped their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They set an “overweight” rating on the stock. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
RMG opened at GBX 218.32 ($2.85) on Friday. The company’s fifty day moving average price is GBX 206.99. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The stock has a market cap of $2.16 billion and a PE ratio of 12.48. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 499.10 ($6.52).
In related news, insider Rico Back bought 200,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last quarter, insiders bought 251,839 shares of company stock worth $51,718,658.
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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