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Royal Mail PLC (LON:RMG) shares reached a new 52-week low during trading 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 changing hands. The stock had previously closed at GBX 189.65 ($2.48).
RMG has been the topic of several analyst reports. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a research note on Friday, July 12th. Societe Generale raised Royal Mail to a “hold” rating and decreased their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
The business has a 50 day simple moving average of GBX 209.42 and a 200-day simple moving average of GBX 234.67. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The stock has a market capitalization of $1.99 billion and a P/E ratio of 11.36.
In other news, insider Rico Back purchased 51,702 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was purchased 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 have acquired 51,796 shares of company stock valued at $10,308,553.
About Royal Mail (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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