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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by stock analysts at Deutsche Bank in a research note issued on Friday, ThisIsMoney.Co.Uk reports.
RMG has been the topic of several other reports. Sanford C. Bernstein cut shares of Royal Mail to a “market perform” rating and cut 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 cut their price target on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating on the stock in a research report on Monday, November 25th. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a research report on Thursday. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Royal Mail in a research report on Wednesday. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail has an average rating of “Hold” and a consensus price target of GBX 204.62 ($2.69).
Shares of LON:RMG opened at GBX 178.90 ($2.35) on Friday. The company’s 50-day moving average price is GBX 216.85 and its two-hundred day moving average price is GBX 215.21. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. Royal Mail has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 295.50 ($3.89). The stock has a market capitalization of $1.79 billion and a PE ratio of 5.54.
In other news, insider Rico Back bought 300,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last ninety days, insiders bought 300,128 shares of company stock worth $70,229,880.
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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