Royal Mail PLC (LON:RMG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Royal Mail PLC (LON:RMG) have been given an average recommendation of “Hold” by the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 165 ($2.17).

RMG has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Royal Mail from GBX 150 ($1.97) to GBX 140 ($1.84) and set an “underperform” rating for the company in a research note on Friday, February 7th. Credit Suisse Group dropped their price objective on shares of Royal Mail from GBX 152 ($2.00) to GBX 138 ($1.82) and set an “underperform” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 148 ($1.95) price objective (down from GBX 159 ($2.09)) on shares of Royal Mail in a research note on Wednesday, February 5th. Barclays reissued an “overweight” rating on shares of Royal Mail in a research note on Friday, January 10th. Finally, Liberum Capital reissued a “sell” rating on shares of Royal Mail in a research note on Wednesday.

Shares of RMG opened at GBX 150.45 ($1.98) on Friday. 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 has a 50 day simple moving average of GBX 169.15 and a 200-day simple moving average of GBX 206.12. Royal Mail has a 1-year low of GBX 150.45 ($1.98) and a 1-year high of GBX 271.10 ($3.57). The stock has a market cap of $1.50 billion and a price-to-earnings ratio of 4.66.

In other news, insider Michael Findlay bought 16,690 shares of the stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of GBX 179 ($2.35) per share, with a total value of £29,875.10 ($39,299.00). Also, insider Maria da Cunha bought 15,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of GBX 177 ($2.33) per share, with a total value of £26,550 ($34,925.02). Insiders acquired a total of 331,789 shares of company stock valued at $59,362,490 over the last ninety 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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