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Royal Mail (LON:RMG)‘s stock had its “neutral” rating reissued by research analysts at JPMorgan Chase & Co. in a research note issued on Tuesday, August 20th, ThisIsMoney.Co.Uk reports.
A number of other analysts have also weighed in on RMG. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Societe Generale raised Royal Mail to a “hold” rating and cut their price objective for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Jefferies Financial Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Goldman Sachs Group reissued a “buy” rating on shares of Royal Mail in a report on Monday, June 10th. Finally, Morgan Stanley raised Royal Mail to an “equal weight” rating in a report on Monday, July 15th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
RMG opened at GBX 205 ($2.68) on Tuesday. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The business’s 50 day moving average price is GBX 208.48 and its 200 day moving average price is GBX 232.72. Royal Mail has a one year low of GBX 186.80 ($2.44) and a one year high of GBX 492.50 ($6.44). The stock has a market capitalization of $2.06 billion and a PE ratio of 11.71.
In related news, insider Rico Back bought 51,702 shares of the company’s stock in a transaction on 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). Over the last ninety days, insiders acquired 51,796 shares of company stock valued at $10,308,553.
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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