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Royal Mail (LON:RMG)‘s stock had its “hold” rating reaffirmed by Liberum Capital in a report released on Thursday, July 18th, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the stock. Credit Suisse Group reduced their price objective 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 report on Wednesday, May 29th. Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Thursday, June 20th. Jefferies Financial Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, July 11th. HSBC cut Royal Mail to a “hold” rating and cut their price target for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. upgraded Royal Mail to a “neutral” rating and upped their price target for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
Shares of LON RMG traded down GBX 1.90 ($0.02) during midday trading on Thursday, reaching GBX 209 ($2.73). 3,354,268 shares of the stock were exchanged, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 492.50 ($6.44). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The firm has a 50-day moving average price of GBX 212.06. The company has a market capitalization of $2.08 billion and a price-to-earnings ratio of 11.94.
In related news, insider Rico Back purchased 200,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders have acquired a total of 251,839 shares of company stock worth $51,718,658 over 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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