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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
RMG has been the subject of several other reports. Societe Generale raised Royal Mail to a “hold” rating and lowered their price objective for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a research report on Thursday, June 20th. Credit Suisse Group cut their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a report on Wednesday, May 29th. Liberum Capital reaffirmed a “hold” rating on shares of Royal Mail in a report on Tuesday, July 2nd. Finally, HSBC lowered Royal Mail to a “hold” rating and cut their price target for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded down GBX 1.70 ($0.02) on Friday, hitting GBX 211.10 ($2.76). The company had a trading volume of 5,653,384 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.11 billion and a PE ratio of 12.06. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 492.50 ($6.44). The stock’s 50 day simple moving average is GBX 211.32. 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 other Royal Mail news, insider Rico Back purchased 200,000 shares of Royal Mail stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last 90 days, insiders have purchased 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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