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Royal Mail (LON:RMG)‘s stock had its “hold” rating restated by equities research analysts at Liberum Capital in a report released on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
A number of other brokerages also recently commented on RMG. Goldman Sachs Group reiterated a “buy” rating on shares of Royal Mail in a report on Monday, June 10th. JPMorgan Chase & Co. upgraded shares of Royal Mail to a “neutral” rating and boosted their target price for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Berenberg Bank restated a “hold” rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a report on Thursday, June 20th. Morgan Stanley upgraded shares of Royal Mail to an “equal weight” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Four 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. Royal Mail has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
Shares of LON RMG opened at GBX 211.10 ($2.76) on Thursday. The stock has a market capitalization of $2.11 billion and a P/E ratio of 12.06. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 492.50 ($6.44). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The business’s 50-day moving average price is GBX 211.32.
In related news, insider Rico Back purchased 51,702 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders purchased 251,839 shares of company stock worth $51,718,658 over the last ninety days.
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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