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Royal Mail (LON:RMG)‘s stock had its “sell” rating reiterated by research analysts at Deutsche Bank in a research report issued to clients and investors on Thursday, December 12th, ThisIsMoney.Co.Uk reports.
RMG has been the topic of a number of other research reports. Societe Generale dropped their target price on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Sanford C. Bernstein lowered shares of Royal Mail to a “market perform” rating and lowered their price target for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Royal Bank of Canada lowered their price target 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 report on Wednesday, October 9th. Goldman Sachs Group lowered their price target 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 report on Monday, November 25th. Finally, Liberum Capital reissued a “sell” rating on shares of Royal Mail in a report on Friday, December 6th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Royal Mail currently has an average rating of “Hold” and an average target price of GBX 211.54 ($2.78).
RMG stock traded down GBX 5.60 ($0.07) on Thursday, reaching GBX 226.30 ($2.98). 2,248,018 shares of the company were exchanged, compared to its average volume of 5,850,000. 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 stock’s fifty day moving average price is GBX 225.01 and its 200 day moving average price is GBX 214.94. The firm has a market capitalization of $2.26 billion and a PE ratio of 7.01. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.
In other Royal Mail news, insider Rico Back bought 300,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Over the last 90 days, insiders have acquired 300,083 shares of company stock worth $70,219,890.
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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