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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by Liberum Capital in a research report issued on Tuesday, January 7th, Stock Target Advisor reports.
RMG has been the topic of a number of other research reports. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price objective 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. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Sanford C. Bernstein cut Royal Mail to a “market perform” rating and dropped their price target for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Finally, Barclays restated an “overweight” rating and issued a GBX 250 ($3.29) price objective on shares of Royal Mail in a report on Thursday, November 21st. Five investment 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 stock currently has an average rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
LON RMG opened at GBX 213.46 ($2.81) on Tuesday. Royal Mail has a 1 year low of GBX 186.80 ($2.46) and a 1 year high of GBX 308.50 ($4.06). The company has a market cap of $2.14 billion and a price-to-earnings ratio of 6.61. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The stock’s fifty day moving average price is GBX 226.42 and its 200 day moving average price is GBX 216.19.
In other Royal Mail news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). In the last quarter, insiders acquired 300,128 shares of company stock valued at $70,229,880.
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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