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Royal Mail (LON:RMG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a research report issued to clients and investors on Wednesday, June 26th, Digital Look reports. They presently have a GBX 185 ($2.42) price target on the stock. Liberum Capital’s price target points to a potential downside of 14.39% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. HSBC reiterated a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Goldman Sachs Group cut SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Deutsche Bank reduced their target price on BOX from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, June 4th. Barclays set a $34.00 price target on DCP Midstream and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price target on shares of in a research report on Thursday, June 20th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
LON RMG traded down GBX 3.60 ($0.05) on Wednesday, reaching GBX 216.10 ($2.82). The company had a trading volume of 5,215,671 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.16 billion and a price-to-earnings ratio of 12.35. 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 firm’s 50-day moving average is GBX 206.99. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 499.10 ($6.52).
In other Royal Mail news, insider Rico Back purchased 200,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost 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 worth $51,718,658 over 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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