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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by investment analysts at Liberum Capital in a note issued to investors on Tuesday, January 7th, Stock Target Advisor reports.
A number of other equities research analysts also recently issued reports on RMG. JPMorgan Chase & Co. reduced their price target on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a research note on Friday, November 22nd. Sanford C. Bernstein downgraded shares of Royal Mail to a “market perform” rating and reduced 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 reduced their price target on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Royal Bank of Canada dropped their price objective on shares of 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. Finally, Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 211.54 ($2.78).
LON:RMG opened at GBX 213.20 ($2.80) on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The company’s 50-day moving average price is GBX 226.33 and its 200-day moving average price is GBX 216.22. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 308.50 ($4.06). The company has a market cap of $2.13 billion and a P/E ratio of 6.60.
In other news, insider Rico Back purchased 300,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have acquired a total of 300,128 shares of company stock worth $70,229,880 over 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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