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Royal Mail (LON:RMG)‘s stock had its “hold” rating reiterated by stock analysts at Liberum Capital in a research report issued to clients and investors on Wednesday, June 26th, Digital Look reports. They currently have a GBX 185 ($2.42) target price on the stock. Liberum Capital’s price objective would indicate a potential downside of 15.14% from the company’s previous close.
Several other research firms also recently weighed in on RMG. Credit Suisse Group set a €80.00 ($93.02) price objective on shares of Siltronic and gave the stock a “neutral” rating in a report on Wednesday, May 29th. HSBC reissued a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,000 ($39.20) price target on shares of in a report on Monday, June 3rd. Deutsche Bank cut their price target on shares of BOX from $21.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, June 4th. Finally, Societe Generale upgraded Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Royal Mail currently has an average rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
RMG stock traded up GBX 4.80 ($0.06) during trading on Wednesday, hitting GBX 218 ($2.85). 4,391,326 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 499.10 ($6.52). The stock has a market cap of $2.18 billion and a PE ratio of 12.46. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The firm’s fifty day moving average price is GBX 205.90.
In other news, insider Rico Back purchased 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders bought a total of 251,794 shares of company stock worth $51,708,848 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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