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Royal Mail (LON:RMG)‘s stock had its “hold” rating restated by equities researchers at Liberum Capital in a research note issued on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also issued reports on the stock. Barclays reiterated an “overweight” rating on shares of Royal Mail in a research report on Friday, July 12th. Credit Suisse Group reduced their target price on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a research report on Wednesday, May 29th. Societe Generale upgraded shares of Royal Mail to a “hold” rating and reduced their target price for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail presently has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
LON:RMG traded down GBX 1.90 ($0.02) on Thursday, reaching GBX 209 ($2.73). The stock had a trading volume of 3,354,268 shares, compared to its average volume of 5,850,000. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 492.50 ($6.44). The stock’s fifty day simple moving average is GBX 212.06. The firm has a market cap of $2.08 billion and a P/E ratio of 11.94. 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 other news, insider Rico Back bought 200,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Insiders acquired 251,839 shares of company stock valued at $51,718,658 in the last ninety days.
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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