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Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by stock analysts at Liberum Capital in a report issued on Tuesday, January 7th, Stock Target Advisor reports.
Several other research firms have also issued reports on RMG. Societe Generale decreased their target price on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Goldman Sachs Group cut their price target on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating on the stock in a report on Monday, November 25th. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price target on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Royal Mail currently has an average rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
RMG opened at GBX 221.30 ($2.91) on Tuesday. The stock’s 50-day moving average price is GBX 225.83 and its 200 day moving average price is GBX 216.03. Royal Mail has a 12-month low of GBX 186.80 ($2.46) and a 12-month high of GBX 308.50 ($4.06). The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The firm has a market cap of $2.18 billion and a price-to-earnings ratio of 6.85.
In related news, insider Rico Back acquired 300,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have purchased a total of 300,083 shares of company stock worth $70,219,890 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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