Related Articles
JPMorgan Chase & Co. reissued their neutral rating on shares of Royal Mail (LON:RMG) in a research note published on Wednesday, Borsen Zeitung reports. JPMorgan Chase & Co. currently has a GBX 252 ($3.29) target price on the stock.
A number of other equities research analysts also recently commented on RMG. Goldman Sachs Group restated a buy rating on shares of Royal Mail in a research report on Monday, June 10th. Credit Suisse Group reduced their price objective on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating for the company in a research report on Wednesday, May 29th. Deutsche Bank restated a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Morgan Stanley upgraded shares of Royal Mail to an equal weight rating in a research report on Monday, July 15th. Finally, Barclays restated an overweight rating on shares of Royal Mail in a research report on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of LON:RMG opened at GBX 206.60 ($2.70) on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The company has a market cap of $2.04 billion and a P/E ratio of 11.81. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 492.50 ($6.44). The company has a 50-day moving average price of GBX 208.33 and a 200 day moving average price of GBX 232.39.
In related news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last quarter, insiders have bought 51,796 shares of company stock valued at $10,308,553.
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.
Further Reading: Ex-Dividend
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
