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Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by investment analysts at Liberum Capital in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently issued reports on RMG. Goldman Sachs Group decreased their target price on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a report on Monday, November 25th. Societe Generale decreased their target price 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. JPMorgan Chase & Co. decreased their target price on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a report on Friday, November 22nd. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their target price on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
RMG opened at GBX 223.90 ($2.95) on Tuesday. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a market capitalization of $2.24 billion and a price-to-earnings ratio of 6.93. The business has a 50-day moving average of GBX 224.58 and a two-hundred day moving average of GBX 215.36. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06).
In other news, insider Rico Back bought 300,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have bought a total of 300,083 shares of company stock valued at $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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