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Royal Mail (LON:RMG)‘s stock had its “hold” rating reissued by equities researchers at Liberum Capital in a research note issued on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also issued research reports about the company. HSBC reiterated a “hold” rating on shares of Royal Mail in a research report on Friday, June 7th. Goldman Sachs Group lowered SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. assumed coverage on INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an “overweight” rating on the stock. Berenberg Bank reiterated a “hold” rating and issued a GBX 240 ($3.14) target price on shares of in a research report on Thursday, June 20th. Finally, Jefferies Financial Group upped their price objective on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
Shares of LON RMG opened at GBX 207.31 ($2.71) on Thursday. The firm has a 50 day moving average price of GBX 209.47. The stock has a market capitalization of $2.07 billion and a price-to-earnings ratio of 11.85. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 492.50 ($6.44). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04.
In related news, insider Rico Back acquired 200,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last 90 days, insiders acquired 251,839 shares of company stock worth $51,718,658.
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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