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Royal Mail (LON:RMG)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also recently commented on RMG. Berenberg Bank raised shares of Royal Mail to a “hold” rating and lowered their price target for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a report on Monday, April 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Royal Mail in a report on Wednesday, May 15th. Barclays lowered their price target on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating on the stock in a report on Wednesday, May 22nd. Goldman Sachs Group raised shares of Royal Mail to a “buy” rating and lowered their price target for the stock from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Finally, Credit Suisse Group lowered their price target on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a report on Wednesday, May 29th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
LON:RMG opened at GBX 214.70 ($2.81) on Tuesday. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The company has a market cap of $2.16 billion and a PE ratio of 12.27. The business has a 50 day moving average of GBX 208.73. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 506.80 ($6.62).
In other Royal Mail news, insider Rico Back bought 200,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Insiders have acquired a total of 251,794 shares of company stock worth $51,708,848 in the last three months.
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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