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Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by analysts at Deutsche Bank in a research report issued on Thursday, December 12th, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the company. Barclays reiterated an “overweight” rating and issued a GBX 250 ($3.29) price objective on shares of Royal Mail in a research report on Thursday, November 21st. Sanford C. Bernstein lowered Royal Mail to a “market perform” rating and decreased their price target for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Societe Generale lowered their price target on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a report on Wednesday, December 4th. Royal Bank of Canada reduced their price objective on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a report on Wednesday, October 9th. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Royal Mail currently has a consensus rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
Shares of LON RMG opened at GBX 234.20 ($3.08) on Thursday. 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 capitalization of $2.34 billion and a P/E ratio of 7.25. The company has a 50 day simple moving average of GBX 224.15 and a 200-day simple moving average of GBX 213.89. 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 news, insider Rico Back acquired 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders purchased a total of 300,083 shares of company stock worth $70,219,890 in the last quarter.
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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