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Royal Mail (LON:RMG)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They set an “overweight” rating on the stock. Liberum Capital restated a “hold” rating on shares of Daily Mail and General Trust P L C in a research report on Tuesday, July 2nd. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Berenberg Bank restated a “hold” rating and set a GBX 240 ($3.14) target price on shares of in a research report on Thursday, June 20th. Finally, Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the stock a “neutral” rating in a research report on Wednesday, May 29th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).
RMG stock opened at GBX 215.30 ($2.81) on Friday. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 499.10 ($6.52). The firm has a 50 day simple moving average of GBX 205.49. The firm has a market capitalization of $2.13 billion and a price-to-earnings ratio of 12.30. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
In related news, insider Rico Back purchased 200,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last quarter, insiders acquired 251,794 shares of company stock worth $51,708,848.
About Royal Mail
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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