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Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by equities research analysts at Liberum Capital in a research note issued to investors on Tuesday, January 7th, Stock Target Advisor reports.
A number of other equities research analysts also recently weighed in on RMG. JPMorgan Chase & Co. lowered their price target 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 restated an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Royal Bank of Canada reduced their price objective on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research report on Wednesday, October 9th. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research report on Thursday, December 12th. Finally, Barclays reiterated an “overweight” rating and set a GBX 250 ($3.29) price target on shares of Royal Mail in a research report on Thursday, November 21st. 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 company’s stock. Royal Mail has a consensus rating of “Hold” and an average target price of GBX 211.54 ($2.78).
RMG stock traded up GBX 1.70 ($0.02) during midday trading on Tuesday, hitting GBX 204.50 ($2.69). 2,031,903 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. Royal Mail has a 12-month low of GBX 186.80 ($2.46) and a 12-month high of GBX 308.50 ($4.06). The firm has a 50 day moving average price of GBX 224.34 and a 200-day moving average price of GBX 216.05. The stock has a market capitalization of $2.03 billion and a price-to-earnings ratio of 6.33.
In other Royal Mail news, insider Rico Back bought 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). In the last quarter, insiders have bought 300,128 shares of company stock valued at $70,229,880.
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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