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Royal Mail (LON:RMG)‘s stock had its “hold” rating reissued by stock analysts at Liberum Capital in a research report issued on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Royal Mail to a “neutral” rating and increased their price objective for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. Morgan Stanley raised shares of Royal Mail to an “equal weight” rating in a research note on Monday, July 15th. Credit Suisse Group lowered their target price on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a research note on Wednesday, May 29th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Royal Mail presently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
LON RMG traded down GBX 1.90 ($0.02) during trading hours on Thursday, hitting GBX 209 ($2.73). The company’s stock had a trading volume of 3,354,268 shares, compared to its average volume of 5,850,000. The stock has a fifty day moving average of GBX 212.06. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 492.50 ($6.44). The firm has a market cap of $2.08 billion and a price-to-earnings ratio of 11.94. 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 Royal Mail news, insider Rico Back bought 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders have purchased 251,839 shares of company stock valued at $51,718,658 in the last 90 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.
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