Royal Mail (LON:RMG) Upgraded to Equal weight by Morgan Stanley

Royal Mail (LON:RMG) was upgraded by analysts at Morgan Stanley to an “equal weight” rating in a note issued to investors on Monday, July 15th, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently commented on RMG. Berenberg Bank restated a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Thursday, June 20th. Jefferies Financial Group restated an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Societe Generale upgraded shares of Royal Mail to a “hold” rating and dropped their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. HSBC lowered shares of Royal Mail to a “hold” rating and decreased their target price for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a report on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).

RMG stock traded up GBX 0.20 ($0.00) during trading on Monday, reaching GBX 205.40 ($2.68). The stock had a trading volume of 3,377,355 shares, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 492.50 ($6.44). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The stock has a 50 day moving average price of GBX 211.87. The stock has a market cap of $2.05 billion and a P/E ratio of 11.74.

In other Royal Mail news, insider Rico Back purchased 200,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was bought 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 have purchased 251,839 shares of company stock valued at $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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