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Royal Mail (LON:RMG)‘s stock had its “hold” rating reiterated by equities research analysts at Liberum Capital in a research report issued to clients and investors on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently weighed in on RMG. Jefferies Financial Group lifted their price target 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. JPMorgan Chase & Co. began coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They set an “overweight” rating on the stock. Morgan Stanley set a $70.00 price objective on shares of Edison International and gave the company a “hold” rating in a research report on Monday, July 15th. Deutsche Bank raised their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Royal Mail presently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded down GBX 0.50 ($0.01) on Thursday, hitting GBX 207.90 ($2.72). 1,949,788 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The firm has a 50-day moving average of GBX 209.51. The company has a market capitalization of $2.08 billion and a PE ratio of 11.88. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 492.50 ($6.44). 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 related news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last quarter, insiders acquired 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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