Royal Mail (LON:RMG) Lowered to Sell at Liberum Capital

Liberum Capital lowered shares of Royal Mail (LON:RMG) to a sell rating in a research note released on Tuesday, September 24th, ThisIsMoney.Co.Uk reports.

RMG has been the subject of several other research reports. Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a research note on Friday, July 12th. Barclays reaffirmed an overweight rating on shares of Royal Mail in a research note on Friday, July 12th. Goldman Sachs Group reaffirmed a buy rating on shares of Royal Mail in a research note on Monday, June 10th. JPMorgan Chase & Co. reissued a neutral rating on shares of Royal Mail in a research note on Friday, September 20th. Finally, Societe Generale raised shares of Royal Mail to a hold rating and lowered their target price for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Royal Mail currently has an average rating of Hold and a consensus price target of GBX 221.33 ($2.89).

Shares of RMG stock traded up GBX 4.65 ($0.06) during trading hours on Tuesday, hitting GBX 202.20 ($2.64). 4,377,493 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The stock’s 50 day simple moving average is GBX 209.31 and its 200 day simple moving average is GBX 221.54. The stock has a market cap of $2.04 billion and a PE ratio of 11.55. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 371.30 ($4.85). The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.

About Royal Mail

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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