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Royal Mail PLC (LON:RMG) reached a new 52-week low on Wednesday . The stock traded as low as GBX 189.90 ($2.48) and last traded at GBX 190.15 ($2.48), with a volume of 103147 shares trading hands. The stock had previously closed at GBX 189.65 ($2.48).
Several research firms have weighed in on RMG. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a report on Friday, July 12th. Liberum Capital restated a “hold” rating on shares of Royal Mail in a report on Thursday, July 18th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Royal Mail in a report on Tuesday. Morgan Stanley upgraded Royal Mail to an “equal weight” rating in a report on Monday, July 15th. Finally, Societe Generale upgraded Royal Mail to a “hold” rating and cut their target price for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The business has a 50 day moving average price of GBX 209.42 and a 200 day moving average price of GBX 234.67. The firm has a market capitalization of $1.99 billion and a P/E ratio of 11.36.
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 acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders bought 51,796 shares of company stock worth $10,308,553 over the last quarter.
Royal Mail Company Profile (LON:RMG)
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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