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Royal Mail (LON:RMG)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank in a note issued to investors on Friday, July 12th, ThisIsMoney.Co.Uk reports.
RMG has been the subject of several other reports. Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Liberum Capital restated a “hold” rating on shares of Daily Mail and General Trust P L C in a research note on Tuesday, July 2nd. Berenberg Bank reiterated a “hold” rating and issued a GBX 240 ($3.14) price target on shares of in a research note on Thursday, June 20th. Goldman Sachs Group cut shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Finally, Barclays reiterated a “hold” rating and set a $102.00 price target on shares of Cboe Global Markets in a report on Friday, July 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
Shares of RMG stock opened at GBX 218.32 ($2.85) on Friday. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 499.10 ($6.52). The stock has a fifty day simple moving average of GBX 206.99. The stock has a market capitalization of $2.16 billion and a P/E ratio of 12.48.
In other Royal Mail news, insider Rico Back acquired 51,702 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last quarter, insiders have bought 251,839 shares of company stock worth $51,718,658.
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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