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Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank in a report issued on Friday, MarketBeat Ratings reports. They currently have a GBX 150 ($1.97) price target on the stock. Deutsche Bank’s price objective would suggest a potential downside of 16.11% from the company’s previous close.
A number of other research firms also recently weighed in on RMG. Barclays restated an “overweight” rating on shares of Royal Mail in a research report on Friday, January 10th. Berenberg Bank upgraded Royal Mail to a “sell” rating and dropped their target price for the stock from GBX 240 ($3.16) to GBX 150 ($1.97) in a research report on Tuesday, February 4th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 148 ($1.95) target price (down previously from GBX 159 ($2.09)) on shares of Royal Mail in a research report on Wednesday. Liberum Capital restated a “sell” rating on shares of Royal Mail in a research report on Thursday. Finally, Societe Generale dropped their target price on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Royal Mail currently has a consensus rating of “Hold” and an average target price of GBX 194.54 ($2.56).
LON:RMG opened at GBX 178.80 ($2.35) on Friday. The business has a 50 day moving average of GBX 215.73 and a 200 day moving average of GBX 215.02. The company has a market capitalization of $1.79 billion and a price-to-earnings ratio of 5.54. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 295.50 ($3.89). The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.
In related news, insider Rico Back purchased 300,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders acquired a total of 600,128 shares of company stock worth $123,929,880 over the last ninety days.
Royal Mail Company Profile
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.
Further Reading: Cash Flow
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