Royal Mail (LON:RMG) Reaches New 1-Year Low at $141.55

Royal Mail PLC (LON:RMG) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 141.55 ($1.86) and last traded at GBX 151.55 ($1.99), with a volume of 401625 shares. The stock had previously closed at GBX 150.45 ($1.98).

RMG has been the subject of a number of recent analyst reports. Goldman Sachs Group cut their price target on shares of Royal Mail from GBX 320 ($4.21) to GBX 280 ($3.68) and set a “buy” rating for the company in a report on Friday, February 21st. Deutsche Bank cut their price target on shares of Royal Mail from GBX 150 ($1.97) to GBX 100 ($1.32) and set a “sell” rating for the company in a report on Friday, February 28th. Barclays restated an “overweight” rating on shares of Royal Mail in a report on Friday, January 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 148 ($1.95) price target (down previously from GBX 159 ($2.09)) on shares of Royal Mail in a report on Wednesday, February 5th. Finally, Liberum Capital restated a “sell” rating on shares of Royal Mail in a report on Wednesday, March 18th. Eight analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 168.33 ($2.21).

The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The company’s fifty day moving average is GBX 169.15 and its two-hundred day moving average is GBX 206.12. The stock has a market cap of $1.50 billion and a price-to-earnings ratio of 4.90.

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

About Royal Mail (LON:RMG)

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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