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

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

A number of other equities research analysts have also recently weighed in on RMG. Goldman Sachs Group cut SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. Deutsche Bank lifted their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an “overweight” rating on the stock. Finally, Jefferies Financial Group lifted their price target on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Four equities research 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. Royal Mail presently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).

LON:RMG traded up GBX 0.90 ($0.01) during mid-day trading on Monday, reaching GBX 209 ($2.73). The stock had a trading volume of 3,042,234 shares, compared to its average volume of 5,850,000. The stock has a market cap of $2.09 billion and a P/E ratio of 11.94. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 492.50 ($6.44). The business has a 50 day simple moving average of GBX 210.35. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.

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). Over the last quarter, insiders acquired 251,839 shares of company stock worth $51,718,658.

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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