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Royal Mail (LON:RMG) was upgraded by Morgan Stanley to an “equal weight” rating in a report issued on Monday, July 15th, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the stock. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. Liberum Capital restated a “hold” rating on shares of Daily Mail and General Trust P L C in a report on Tuesday, July 2nd. JPMorgan Chase & Co. started coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an “overweight” rating for the company. Jefferies Financial Group increased their price objective on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Credit Suisse Group set a €80.00 ($93.02) price objective on shares of Siltronic and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Four equities research 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. The stock currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
LON RMG opened at GBX 225.90 ($2.95) on Monday. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 492.50 ($6.44). The firm has a 50 day simple moving average of GBX 208.96. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The stock has a market capitalization of $2.26 billion and a price-to-earnings ratio of 12.91.
In other news, insider Rico Back acquired 51,702 shares of the stock in a transaction on Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders acquired 251,839 shares of company stock valued at $51,718,658 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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