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Royal Mail (LON:RMG)‘s stock had its “hold” rating reissued by analysts at Liberum Capital in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.
Several other equities analysts also recently issued reports on RMG. Berenberg Bank raised shares of Royal Mail to a “hold” rating and cut their price target for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a report on Monday, April 1st. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Royal Mail in a report on Wednesday, May 15th. Barclays cut their price target on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating for the company in a report on Wednesday, May 22nd. Goldman Sachs Group raised shares of Royal Mail to a “buy” rating and cut their price target for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Finally, Credit Suisse Group cut their price target on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a report on Wednesday, May 29th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Royal Mail stock opened at GBX 210.10 ($2.75) on Tuesday. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 506.80 ($6.62). The firm has a market capitalization of $2.10 billion and a PE ratio of 12.01. The company has a fifty day simple moving average of GBX 209.88. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
In related news, insider Rico Back bought 51,702 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last ninety days, insiders acquired 251,794 shares of company stock valued at $51,708,848.
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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