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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by analysts at Deutsche Bank in a report released on Friday, July 12th, ThisIsMoney.Co.Uk reports.
Other analysts have also issued research reports about the stock. Berenberg Bank restated a “hold” rating and set a GBX 240 ($3.14) price target on shares of in a research report on Thursday, June 20th. Jefferies Financial Group lifted their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. HSBC reiterated a “hold” rating on shares of Royal Mail in a research report on Friday, June 7th. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Finally, Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
RMG stock opened at GBX 218.32 ($2.85) on Friday. The firm has a market capitalization of $2.16 billion and a price-to-earnings ratio of 12.48. 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’s fifty day moving average price is GBX 206.99. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 499.10 ($6.52).
In other Royal Mail news, insider Rico Back purchased 51,702 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last three months, insiders bought 251,839 shares of company stock worth $51,718,658.
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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