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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reiterated by Barclays in a research report issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
Several other analysts have also recently commented on the stock. Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a research note on Friday, June 28th. JPMorgan Chase & Co. raised shares of Royal Mail to a “neutral” rating and boosted their price objective for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. Liberum Capital reissued a “hold” rating on shares of Royal Mail in a research note on Tuesday, July 2nd. Finally, Credit Suisse Group lowered their price objective 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. Four equities research 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 stock has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
LON:RMG traded down GBX 1.70 ($0.02) during mid-day trading on Friday, reaching GBX 211.10 ($2.76). The stock had a trading volume of 5,653,384 shares, compared to its average volume of 5,850,000. 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 stock has a market cap of $2.11 billion and a price-to-earnings ratio of 12.06. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 492.50 ($6.44). The firm’s 50 day moving average price is GBX 211.32.
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 stock was acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last ninety days, insiders have purchased 251,839 shares of company stock valued at $51,718,658.
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.
See Also: Diluted Earnings Per Share
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