Royal Mail (LON:RMG) Stock Rating Upgraded by Morgan Stanley

Royal Mail (LON:RMG) was upgraded by equities research analysts at Morgan Stanley to an “equal weight” rating in a research report issued on Monday, July 15th, ThisIsMoney.Co.Uk reports.

RMG has been the subject of a number of other research reports. JPMorgan Chase & Co. began coverage on shares of INTL CONS AIRL/S in a report on Tuesday, June 4th. They issued an “overweight” rating for the company. Deutsche Bank raised their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 12th. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) price target on shares of in a report on Thursday, June 20th. Barclays reissued a “hold” rating and issued a $102.00 price target on shares of Cboe Global Markets in a report on Friday, July 12th. Finally, Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).

Shares of RMG opened at GBX 227.15 ($2.97) on Monday. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company has a market cap of $2.27 billion and a price-to-earnings ratio of 12.98. The business has a 50 day simple moving average of GBX 208.34. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 492.50 ($6.44).

In other Royal Mail news, insider Rico Back bought 51,702 shares of the stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have acquired a total of 251,839 shares of company stock valued at $51,718,658 in the last ninety days.

About Royal Mail

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.

Further Reading: Why are analyst ratings important in trading stocks?

Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.