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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by research analysts at Deutsche Bank in a report issued on Thursday, December 12th, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut their price target on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada decreased their price objective on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a report on Wednesday, October 9th. Societe Generale lowered their price objective on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a research report on Wednesday, December 4th. Sanford C. Bernstein lowered shares of Royal Mail to a “market perform” rating and reduced their target price for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
Shares of RMG opened at GBX 238 ($3.13) on Thursday. The stock has a fifty day moving average price of GBX 220.56 and a two-hundred day moving average price of GBX 212.54. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The company has a market cap of $2.38 billion and a price-to-earnings ratio of 7.37. Royal Mail has a 52-week low of GBX 186.80 ($2.46) and a 52-week high of GBX 308.50 ($4.06).
In other news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have acquired a total of 300,083 shares of company stock valued at $70,219,890 over the last three months.
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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