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Royal Mail (LON:RMG) was upgraded by research analysts at Morgan Stanley to an “equal weight” rating in a research note issued on Monday, July 15th, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the stock. Liberum Capital reaffirmed a “hold” rating on shares of Daily Mail and General Trust P L C in a research note on Tuesday, July 2nd. Credit Suisse Group set a €80.00 ($93.02) price objective on shares of Siltronic and gave the company a “neutral” rating in a research note on Wednesday, May 29th. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Jefferies Financial Group raised their price objective on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Barclays reaffirmed a “hold” rating and issued a $102.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Royal Mail presently has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded down GBX 0.30 ($0.00) during trading hours on Monday, reaching GBX 208.70 ($2.73). The company’s stock had a trading volume of 6,583,046 shares, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 492.50 ($6.44). The stock has a market cap of $2.09 billion and a P/E ratio of 11.93. The business has a fifty day simple moving average of GBX 210.48. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
In other news, insider Rico Back purchased 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have purchased 251,839 shares of company stock worth $51,718,658 over the last three months.
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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