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JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently commented on RMG. Liberum Capital reissued a hold rating on shares of Royal Mail in a research report on Thursday, July 18th. HSBC cut Royal Mail to a hold rating and dropped their price target for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a research report on Friday, July 12th. Berenberg Bank reissued a hold rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Thursday, June 20th. Finally, Barclays reissued an overweight rating on shares of Royal Mail in a research report on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 250.46 ($3.27).
Shares of RMG opened at GBX 189.95 ($2.48) on Tuesday. 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 business’s 50 day moving average price is GBX 210.06 and its 200-day moving average price is GBX 235.49. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 492.50 ($6.44). The stock has a market cap of $1.90 billion and a P/E ratio of 10.85.
In other Royal Mail news, insider Rico Back acquired 51,702 shares of the 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, with a total value of £102,886.98 ($134,440.06). Insiders purchased a total of 251,796 shares of company stock worth $51,708,553 over the last ninety days.
About Royal Mail
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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