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Royal Mail (LON:RMG)‘s stock had its “hold” rating reiterated by stock analysts at Liberum Capital in a report released on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently issued reports on RMG. Societe Generale upgraded 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 report on Friday, June 14th. Berenberg Bank reiterated a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Thursday, June 20th. HSBC downgraded Royal Mail to a “hold” rating and lowered their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. JPMorgan Chase & Co. upgraded Royal Mail to a “neutral” rating and increased their price objective for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. Finally, Morgan Stanley upgraded Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Royal Mail presently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Shares of LON:RMG traded down GBX 1.90 ($0.02) during trading on Thursday, hitting GBX 209 ($2.73). 5,305,553 shares of the company were exchanged, compared to its average volume of 5,850,000. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 492.50 ($6.44). The firm has a market cap of $2.09 billion and a P/E ratio of 11.94. The firm’s 50 day moving average is GBX 212.11.
In other news, insider Rico Back purchased 51,702 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders have acquired 251,839 shares of company stock worth $51,718,658 in 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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