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Royal Mail PLC (LON:RMG) hit a new 52-week low on Wednesday . The stock traded as low as GBX 189.90 ($2.48) and last traded at GBX 190.15 ($2.48), with a volume of 103147 shares changing hands. The stock had previously closed at GBX 189.65 ($2.48).
Several brokerages recently weighed in on RMG. JPMorgan Chase & Co. restated a “neutral” rating on shares of Royal Mail in a report on Tuesday. Morgan Stanley raised shares of Royal Mail to an “equal weight” rating in a research note on Monday, July 15th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. Credit Suisse Group lowered their target price on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a research note on Wednesday, May 29th. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a research note on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Royal Mail presently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
The company’s 50-day moving average price is GBX 210.06 and its 200-day moving average price is GBX 235.49. 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 $1.90 billion and a P/E ratio of 10.94.
In related news, insider Rico Back acquired 51,702 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have bought 251,796 shares of company stock valued at $51,708,553 in the last three months.
About Royal Mail (LON:RMG)
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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