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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by equities researchers at Deutsche Bank in a research note issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
Other analysts have also recently issued reports about the company. Credit Suisse Group lowered their price objective on 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. Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a research note on Friday, July 12th. Societe Generale raised Royal Mail to a “hold” rating and decreased their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. raised Royal Mail to a “neutral” rating and boosted their price objective for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. 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’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
LON RMG traded down GBX 1.70 ($0.02) during trading on Friday, hitting GBX 211.10 ($2.76). The company’s stock had a trading volume of 5,653,384 shares, compared to its average volume of 5,850,000. The firm has a market cap of $2.11 billion and a price-to-earnings ratio of 12.06. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 492.50 ($6.44). The business’s 50 day moving average is GBX 211.32.
In other Royal Mail news, insider Rico Back purchased 51,702 shares of the stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders acquired 251,839 shares of company stock valued at $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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