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Royal Mail (LON:RMG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a report released on Wednesday, June 26th, LSE.Co.UK reports. They currently have a GBX 185 ($2.42) price objective on the stock. Liberum Capital’s price objective points to a potential downside of 12.86% from the company’s current price.
RMG has been the subject of several other reports. Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Thursday, June 20th. Goldman Sachs Group reissued a “buy” rating on shares of Royal Mail in a report on Monday, June 10th. Jefferies Financial Group cut their price target on shares of Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating for the company in a report on Monday, June 3rd. HSBC cut shares of Royal Mail to a “hold” rating and dropped their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Finally, JPMorgan Chase & Co. raised shares of Royal Mail to a “neutral” rating and increased their target price for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Royal Mail has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
Shares of LON:RMG opened at GBX 212.30 ($2.77) on Wednesday. The company has a 50-day simple moving average of GBX 208.23. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 506.80 ($6.62). 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 capitalization of $2.12 billion and a PE ratio of 12.13.
In related news, insider Rico Back acquired 51,702 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have purchased a total of 251,794 shares of company stock worth $51,708,848 in the last ninety days.
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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