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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Tuesday, January 7th, Stock Target Advisor 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 report on Wednesday, December 4th. Sanford C. Bernstein lowered Royal Mail to a “market perform” rating and lowered their price target for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Goldman Sachs Group lowered their price target 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. Royal Bank of Canada lowered their price target on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research report on Wednesday, October 9th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 250 ($3.29) price target on shares of Royal Mail in a research report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, seven have assigned 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 211.54 ($2.78).
LON:RMG traded down GBX 2.90 ($0.04) during trading hours on Tuesday, hitting GBX 207 ($2.72). The company had a trading volume of 2,074,697 shares, compared to its average volume of 5,850,000. Royal Mail has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 308.50 ($4.06). The company has a market capitalization of $2.08 billion and a PE ratio of 6.41. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a 50-day moving average price of GBX 226.42 and a 200 day moving average price of GBX 216.34.
In other Royal Mail news, insider Rico Back purchased 300,000 shares of Royal Mail stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have bought a total of 300,128 shares of company stock valued at $70,229,880 in the last ninety 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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