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 published on Tuesday morning, ThisIsMoney.Co.Uk reports.

RMG has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated a neutral rating on shares of Royal Mail in a report on Friday, September 20th. Jefferies Financial Group restated an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. Barclays restated an overweight rating on shares of Royal Mail in a report on Friday, July 12th. Morgan Stanley upgraded Royal Mail to an equal weight rating in a report on Monday, July 15th. Finally, HSBC cut Royal Mail to a hold rating and dropped their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Royal Mail currently has a consensus rating of Hold and an average price target of GBX 250.46 ($3.27).

RMG opened at GBX 210.78 ($2.75) on Tuesday. The stock has a 50-day moving average price of GBX 209.65 and a 200-day moving average price of GBX 226.18. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 491.10 ($6.42). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The stock has a market capitalization of $2.11 billion and a P/E 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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