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Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by equities researchers at Deutsche Bank in a report issued on Monday, ThisIsMoney.Co.Uk reports.
Several other brokerages have also weighed in on RMG. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 148 ($1.95) price objective (down from GBX 159 ($2.09)) on shares of Royal Mail in a report on Wednesday, February 5th. Barclays reiterated an “overweight” rating on shares of Royal Mail in a report on Friday, January 10th. Liberum Capital reiterated a “sell” rating on shares of Royal Mail in a report on Wednesday, March 18th. Societe Generale lowered shares of Royal Mail to a “sell” rating and cut their price objective for the stock from GBX 200 ($2.63) to GBX 148 ($1.95) in a report on Tuesday, February 11th. Finally, Berenberg Bank cut their price objective on shares of Royal Mail from GBX 145 ($1.91) to GBX 115 ($1.51) and set a “sell” rating on the stock in a report on Friday. Eight equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Royal Mail presently has a consensus rating of “Hold” and a consensus target price of GBX 165.83 ($2.18).
LON:RMG opened at GBX 133.50 ($1.76) on Monday. The firm has a market cap of $1.34 billion and a price-to-earnings ratio of 4.13. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The company’s 50-day moving average is GBX 164.08 and its two-hundred day moving average is GBX 204.51. Royal Mail has a 12-month low of GBX 118.86 ($1.56) and a 12-month high of GBX 266.70 ($3.51).
In other news, insider Michael Findlay acquired 16,690 shares of the stock in a transaction on Monday, February 10th. The stock was bought at an average price of GBX 179 ($2.35) per share, with a total value of £29,875.10 ($39,299.00). Also, insider Maria da Cunha acquired 15,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of GBX 177 ($2.33) per share, with a total value of £26,550 ($34,925.02). In the last three months, insiders have purchased 331,789 shares of company stock valued at $59,362,490.
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.
Read More: Earnings Per Share (EPS) Explained
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