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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 to investors on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently commented on RMG. 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. 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. HSBC reiterated a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Goldman Sachs Group cut shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Finally, Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
RMG stock opened at GBX 208.10 ($2.72) on Thursday. The stock has a 50 day moving average of GBX 209.60. The firm has a market cap of $2.08 billion and a PE ratio of 11.89. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. 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 Royal Mail news, insider Rico Back acquired 51,702 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was acquired 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 90 days, insiders have acquired 251,839 shares of company stock valued at $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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