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Royal Mail (LON:RMG)‘s stock had its “underperform” rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued research reports about the stock. Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, June 28th. HSBC reissued a “hold” rating on shares of Royal Mail in a research report on Friday, June 7th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of in a report on Thursday, June 20th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
Shares of RMG stock traded up GBX 3.10 ($0.04) during mid-day trading on Thursday, reaching GBX 213.20 ($2.79). 2,864,809 shares of the company were exchanged, compared to its average volume of 5,850,000. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 499.10 ($6.52). The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The company has a market capitalization of $2.13 billion and a P/E ratio of 12.18. The company has a 50 day moving average price of GBX 205.67.
In related news, insider Rico Back acquired 51,702 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last 90 days, insiders have purchased 251,794 shares of company stock worth $51,708,848.
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.
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