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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by equities researchers at Deutsche Bank in a research note issued to investors on Thursday, December 12th, ThisIsMoney.Co.Uk reports.
A number of other analysts also recently weighed in on the stock. Societe Generale decreased their price target on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a research report on Wednesday, December 4th. Goldman Sachs Group decreased their target price on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a research report on Monday, November 25th. JPMorgan Chase & Co. dropped their target price on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Royal Bank of Canada cut their target price on 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. Five investment analysts have rated the stock with a sell rating, seven have given 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 price target of GBX 211.54 ($2.78).
Shares of LON:RMG traded down GBX 0.90 ($0.01) during mid-day trading on Thursday, hitting GBX 233.30 ($3.07). 1,228,204 shares of the company traded hands, compared to its average volume of 5,850,000. The firm has a market cap of $2.33 billion and a P/E ratio of 7.22. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The firm’s 50 day simple moving average is GBX 223.80 and its 200 day simple moving average is GBX 213.69. Royal Mail has a 52-week low of GBX 186.80 ($2.46) and a 52-week high of GBX 308.50 ($4.06).
In related news, insider Rico Back acquired 300,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have acquired a total of 300,083 shares of company stock valued at $70,219,890 over 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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