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

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

Other equities analysts have also issued research reports about the company. Barclays reissued an “overweight” rating on shares of Royal Mail in a research note on Friday, July 12th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Thursday, June 20th. Liberum Capital reaffirmed a “hold” rating on shares of Royal Mail in a research note on Tuesday, July 2nd. Credit Suisse Group decreased their target price on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a research note on Wednesday, May 29th. Finally, Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Royal Mail has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).

LON RMG traded up GBX 1 ($0.01) on Monday, reaching GBX 209.70 ($2.74). 3,746,431 shares of the company were exchanged, compared to its average volume of 5,850,000. The firm has a fifty day simple moving average of GBX 210.68. The company has a market cap of $2.10 billion and a PE ratio of 11.98. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. 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 news, insider Rico Back purchased 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders have purchased a total of 251,839 shares of company stock worth $51,718,658 in the last 90 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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