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Royal Mail PLC (LON:RMG)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 166.30 ($2.19) and last traded at GBX 167.50 ($2.20), with a volume of 4178281 shares changing hands. The stock had previously closed at GBX 172 ($2.26).
Several research firms have recently issued reports on RMG. Liberum Capital reduced their price objective on shares of Royal Mail from GBX 175 ($2.30) to GBX 120 ($1.58) and set a “sell” rating on the stock in a research report on Wednesday, February 19th. Jefferies Financial Group reduced their price objective on shares of Royal Mail from GBX 150 ($1.97) to GBX 140 ($1.84) and set an “underperform” rating on the stock in a research report on Friday, February 7th. Sanford C. Bernstein cut shares of Royal Mail to an “underperform” rating and reduced their price objective for the company from GBX 225 ($2.96) to GBX 135 ($1.78) in a research report on Friday, February 7th. Societe Generale cut shares of Royal Mail to a “sell” rating and reduced their price objective for the company from GBX 200 ($2.63) to GBX 148 ($1.95) in a research report on Tuesday, February 11th. Finally, Goldman Sachs Group reduced their price objective on shares of Royal Mail from GBX 320 ($4.21) to GBX 280 ($3.68) and set a “buy” rating on the stock in a research report on Friday, February 21st. Eight investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 172.50 ($2.27).
The firm’s 50-day moving average price is GBX 195.37 and its 200-day moving average price is GBX 211.44. The stock has a market cap of $1.67 billion and a P/E ratio of 5.18. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.
In other Royal Mail news, insider Rico Back purchased 300,000 shares of Royal Mail stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average price of GBX 179 ($2.35) per share, for a total transaction of £537,000 ($706,393.05). Also, insider Maria da Cunha purchased 15,000 shares of Royal Mail stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average price of GBX 177 ($2.33) per share, for a total transaction of £26,550 ($34,925.02). Insiders purchased 631,829 shares of company stock worth $129,572,490 in the last 90 days.
Royal Mail Company Profile (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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