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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by stock analysts at Deutsche Bank in a report issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
Several other research firms also recently commented on RMG. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Barclays reissued a “hold” rating and set a $102.00 target price on shares of Cboe Global Markets in a research note on Friday, July 12th. Liberum Capital reissued a “hold” rating on shares of Daily Mail and General Trust P L C in a research note on Tuesday, July 2nd. Jefferies Financial Group increased their target price on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Societe Generale raised Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail presently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
RMG opened at GBX 208.10 ($2.72) on Friday. The firm’s 50 day moving average is GBX 209.60. 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 cap of $2.08 billion and a P/E ratio of 11.89. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 492.50 ($6.44).
In related news, insider Rico Back bought 200,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last quarter, insiders have acquired 251,839 shares of company stock worth $51,718,658.
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: Certificate of Deposit (CD)
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