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Royal Mail (LON:RMG)‘s stock had its “hold” rating reissued by research analysts at Liberum Capital in a research note issued on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
Several other brokerages have also weighed in on RMG. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. 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. Finally, JPMorgan Chase & Co. began coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They issued an “overweight” rating for the company. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Royal Mail has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
RMG stock traded down GBX 0.50 ($0.01) during mid-day trading on Thursday, hitting GBX 207.90 ($2.72). 1,949,788 shares of the company were exchanged, compared to its average volume of 5,850,000. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The stock has a market capitalization of $2.08 billion and a price-to-earnings ratio of 11.88. The firm’s fifty day simple moving average is GBX 209.51. Royal Mail has a 12-month low of GBX 192 ($2.51) and a 12-month high of GBX 492.50 ($6.44).
In related news, insider Rico Back acquired 200,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). In the last three months, insiders have 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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