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Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by equities researchers at Deutsche Bank in a report issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
A number of other research firms have also issued reports on RMG. Societe Generale raised Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. HSBC restated a “hold” rating on shares of Royal Mail in a research report on Friday, June 7th. Liberum Capital reiterated a “hold” rating on shares of Daily Mail and General Trust P L C in a research report on Tuesday, July 2nd. Barclays reiterated a “hold” rating and set a $102.00 price target on shares of Cboe Global Markets in a research report on Friday, July 12th. Finally, Jefferies Financial Group lifted their price objective on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
LON:RMG traded down GBX 0.30 ($0.00) during trading hours on Friday, hitting GBX 208.10 ($2.72). The company’s stock had a trading volume of 4,583,824 shares, compared to its average volume of 5,850,000. The company has a fifty day simple moving average of GBX 209.60. The company has a market capitalization of $2.08 billion and a PE ratio of 11.89. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 492.50 ($6.44). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73.
In related news, insider Rico Back acquired 51,702 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have bought a total of 251,839 shares of company stock valued at $51,718,658 over the last three months.
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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