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Liberum Capital lowered shares of Royal Mail (LON:RMG) to a sell rating in a research report sent to investors on Tuesday, September 24th, ThisIsMoney.Co.Uk reports.
RMG has been the subject of several other research reports. Morgan Stanley raised shares of Royal Mail to an equal weight rating in a report on Monday, July 15th. Deutsche Bank restated a sell rating on shares of Royal Mail in a research note on Friday, July 12th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Royal Mail in a report on Friday, September 20th. Berenberg Bank reiterated a hold rating and set a GBX 240 ($3.14) target price on shares of Royal Mail in a research report on Thursday, June 20th. Finally, Credit Suisse Group decreased their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating for the company in a research report on Wednesday, May 29th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 221.33 ($2.89).
RMG stock traded down GBX 1.65 ($0.02) during trading on Tuesday, hitting GBX 196.60 ($2.57). 5,217,371 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 371.30 ($4.85). The stock has a market capitalization of $1.97 billion and a price-to-earnings ratio of 11.23. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The stock has a fifty day moving average price of GBX 209.04 and a two-hundred day moving average price of GBX 221.87.
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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