Royal Mail (LON:RMG) Upgraded at Morgan Stanley

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

Several other brokerages have also recently commented on RMG. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. JPMorgan Chase & Co. raised shares of Royal Mail to a “neutral” rating and lifted their price target for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. Barclays reissued an “overweight” rating on shares of Royal Mail in a research report on Friday, July 12th. Finally, HSBC downgraded 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 research report on Friday, June 7th. 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. Royal Mail currently has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).

RMG stock traded up GBX 1.30 ($0.02) during trading hours on Monday, reaching GBX 206.70 ($2.70). 2,752,186 shares of the stock were exchanged, compared to its average volume of 5,850,000. The firm’s 50-day simple moving average is GBX 211.91. 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 debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market cap of $2.07 billion and a P/E ratio of 11.81.

In other news, insider Rico Back bought 51,702 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have purchased a total of 251,839 shares of company stock worth $51,718,658 over the last 90 days.

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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