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

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

Several other analysts have also issued reports on the company. Barclays reiterated an “overweight” rating on shares of Royal Mail in a report on Friday, July 12th. HSBC downgraded shares of Royal Mail to a “hold” rating and lowered their target price for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Goldman Sachs Group reissued a “buy” rating on shares of Royal Mail in a research report on Monday, June 10th. Credit Suisse Group lowered their target price on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Royal Mail in a research report on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail currently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).

Shares of RMG traded up GBX 4.20 ($0.05) during mid-day trading on Monday, reaching GBX 210.90 ($2.76). The company’s stock had a trading volume of 4,207,932 shares, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 492.50 ($6.44). The company has a fifty day moving average price of GBX 211.95. The company has a market cap of $2.10 billion and a P/E ratio of 12.05.

In other news, insider Rico Back bought 200,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders bought 251,839 shares of company stock valued at $51,718,658 in the last quarter.

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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