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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by equities research analysts at Deutsche Bank in a research note issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
A number of other research firms have also issued reports on RMG. HSBC reissued a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Liberum Capital reiterated a “hold” rating on shares of Daily Mail and General Trust P L C in a research report on Tuesday, July 2nd. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Credit Suisse Group set a €80.00 ($93.02) price target on shares of Siltronic and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Finally, Societe Generale upgraded Royal Mail from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
LON:RMG traded down GBX 0.30 ($0.00) during trading hours on Friday, hitting GBX 208.10 ($2.72). The company’s stock had a trading volume of 4,583,824 shares, compared to its average volume of 5,850,000. The company has a market capitalization of $2.08 billion and a PE ratio of 11.89. The company has a fifty day simple moving average of GBX 209.60. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 492.50 ($6.44).
In other news, insider Rico Back acquired 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders acquired a total of 251,839 shares of company stock worth $51,718,658 in the last quarter.
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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