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Royal Mail (LON:RMG)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, August 20th, ThisIsMoney.Co.Uk reports.
Several other research firms also recently commented on RMG. Credit Suisse Group decreased 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 research note on Wednesday, May 29th. Goldman Sachs Group reiterated a “buy” rating on shares of Royal Mail in a report on Monday, June 10th. HSBC cut shares of Royal Mail to a “hold” rating and cut their price target for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Berenberg Bank reiterated a “hold” rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Thursday, June 20th. Finally, Societe Generale upgraded shares of Royal Mail to a “hold” rating and cut their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Four 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. The company currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
RMG stock opened at GBX 204.40 ($2.67) on Tuesday. The firm has a 50 day moving average of GBX 208.48 and a 200-day moving average of GBX 232.72. The firm has a market capitalization of $2.06 billion and a P/E ratio of 11.68. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 492.50 ($6.44).
In other news, insider Rico Back purchased 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last quarter, insiders purchased 51,796 shares of company stock worth $10,308,553.
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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