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Royal Mail (LON:RMG)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank in a research note issued to investors on Thursday, December 12th, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently commented on RMG. JPMorgan Chase & Co. reduced their target price on shares of 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. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Royal Bank of Canada reduced their price objective on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Barclays reiterated an “overweight” rating and set a GBX 250 ($3.29) target price on shares of Royal Mail in a research note on Thursday, November 21st. Finally, Societe Generale reduced their price target on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 211.54 ($2.78).
Shares of RMG traded down GBX 5.60 ($0.07) during mid-day trading on Thursday, reaching GBX 226.30 ($2.98). The company’s stock had a trading volume of 2,129,542 shares, compared to its average volume of 5,850,000. The stock has a market cap of $2.26 billion and a P/E ratio of 7.01. The business has a 50-day simple moving average of GBX 225 and a two-hundred day simple moving average of GBX 214.82. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 308.50 ($4.06). The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.
In other news, insider Rico Back acquired 300,000 shares of Royal Mail stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have purchased a total of 300,083 shares of company stock worth $70,219,890 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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