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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 issued on Wednesday, June 26th, Digital Look reports. They presently have a GBX 185 ($2.42) price objective on the stock. Liberum Capital’s price objective would suggest a potential downside of 16.52% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Berenberg Bank reiterated a “hold” rating and issued a GBX 240 ($3.14) target price on shares of in a research note on Thursday, June 20th. Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. HSBC reissued a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Deutsche Bank lowered their price target on shares of BOX from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, June 4th. Finally, Goldman Sachs Group cut shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
LON:RMG traded up GBX 5.50 ($0.07) during mid-day trading on Wednesday, hitting GBX 221.60 ($2.90). The stock had a trading volume of 3,774,136 shares, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 499.10 ($6.52). The firm has a market cap of $2.22 billion and a PE ratio of 12.66. The stock has a 50 day simple moving average of GBX 207.31. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
In other news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders have purchased a total of 251,839 shares of company stock worth $51,718,658 in the last quarter.
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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