Royal Mail (LON:RMG) Receives “Sell” Rating from Deutsche Bank

Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by research analysts at Deutsche Bank in a research note issued on Thursday, December 12th, ThisIsMoney.Co.Uk reports.

RMG has been the topic of a number of other reports. Royal Bank of Canada decreased their target price 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 research note on Wednesday, October 9th. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a research note on Friday, December 6th. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Goldman Sachs Group decreased their target price on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating on the stock in a research note on Monday, November 25th. Finally, Barclays reissued an “overweight” rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a research note on Thursday, November 21st. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Royal Mail has a consensus rating of “Hold” and an average price target of GBX 211.54 ($2.78).

Royal Mail stock traded down GBX 4.20 ($0.06) during midday trading on Thursday, reaching GBX 222.10 ($2.92). The company had a trading volume of 2,366,998 shares, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The firm’s fifty day simple moving average is GBX 225.01 and its 200-day simple moving average is GBX 214.94. Royal Mail has a 12-month low of GBX 186.80 ($2.46) and a 12-month high of GBX 308.50 ($4.06). The company has a market capitalization of $2.22 billion and a P/E ratio of 6.88.

In other news, insider Rico Back purchased 300,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have bought a total of 300,083 shares of company stock valued at $70,219,890 in the last 90 days.

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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