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Royal Mail (LON:RMG)‘s stock had its “hold” rating reiterated by Liberum Capital in a report issued on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued research reports about the company. Morgan Stanley upgraded Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. Credit Suisse Group dropped their target price on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a research note on Wednesday, May 29th. Jefferies Financial Group restated an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. Finally, Societe Generale upgraded 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. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
LON:RMG traded down GBX 1.90 ($0.02) during mid-day trading on Thursday, reaching GBX 209 ($2.73). The stock had a trading volume of 5,305,553 shares, compared to its average volume of 5,850,000. The company has a 50 day moving average price of GBX 212.11. The company has a market capitalization of $2.09 billion and a PE ratio of 11.94. 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 quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
In related news, insider Rico Back purchased 51,702 shares of the company’s stock in a transaction dated 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). Insiders bought 251,839 shares of company stock valued at $51,718,658 over the last 90 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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