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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a report issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently commented on RMG. Goldman Sachs Group cut SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price objective on shares of in a report 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. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. Finally, JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an “overweight” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
LON RMG traded down GBX 0.30 ($0.00) on Friday, hitting GBX 208.10 ($2.72). The company’s stock had a trading volume of 4,583,824 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.08 billion and a price-to-earnings ratio of 11.89. 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 firm’s 50-day simple moving average is GBX 209.60. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 492.50 ($6.44).
In other 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 cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Over the last three months, insiders bought 251,839 shares of company stock worth $51,718,658.
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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