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Royal Mail (LON:RMG)‘s stock had its “sell” rating reaffirmed by research analysts at Liberum Capital in a research note issued on Tuesday, January 7th, Stock Target Advisor reports.
Several other brokerages also recently weighed in on RMG. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Sanford C. Bernstein downgraded Royal Mail to a “market perform” rating and reduced their price target for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Royal Bank of Canada reduced their price target on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Goldman Sachs Group reduced their price objective on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a report on Friday, November 22nd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 211.54 ($2.78).
Shares of Royal Mail stock opened at GBX 203.10 ($2.67) on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The firm has a market capitalization of $2.03 billion and a P/E ratio of 6.29. The business has a fifty day simple moving average of GBX 225.74 and a two-hundred day simple moving average of GBX 216.24. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06).
In other news, insider Rico Back acquired 300,000 shares of Royal Mail stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last three months, insiders bought 300,128 shares of company stock valued at $70,229,880.
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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