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Royal Mail (LON:RMG)‘s stock had its “overweight” rating restated by equities researchers at Barclays in a research report issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
Other equities analysts also recently issued reports about the company. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Societe Generale upgraded Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Jefferies Financial Group increased their target price on Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Deutsche Bank set a $142.00 target price on MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, June 28th. Finally, JPMorgan Chase & Co. began coverage on INTL CONS AIRL/S in a report on Tuesday, June 4th. They set an “overweight” rating on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
LON RMG opened at GBX 208.10 ($2.72) on Friday. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 492.50 ($6.44). The stock has a market cap of $2.08 billion and a P/E ratio of 11.89. The company has a 50 day moving average price of GBX 209.60. 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 other news, insider Rico Back bought 51,702 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders purchased a total of 251,839 shares of company stock worth $51,718,658 over the last ninety days.
About Royal Mail
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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