Royal Mail (LON:RMG) Upgraded by Morgan Stanley to “Equal weight”

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

RMG has been the topic of several other reports. Barclays restated a “hold” rating and issued a $102.00 price objective on shares of Cboe Global Markets in a report on Friday, July 12th. Credit Suisse Group set a €80.00 ($93.02) price objective on shares of Siltronic and gave the company a “neutral” rating in a report on Wednesday, May 29th. Liberum Capital restated a “hold” rating on shares of Daily Mail and General Trust P L C in a report on Tuesday, July 2nd. Jefferies Financial Group upped their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, HSBC reaffirmed a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).

Shares of RMG stock opened at GBX 224.07 ($2.93) on Monday. The business’s 50 day moving average is GBX 207.31. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 492.50 ($6.44). The firm has a market capitalization of $2.22 billion and a price-to-earnings ratio of 12.80. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73.

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

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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