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Royal Mail (LON:RMG)‘s stock had its “hold” rating reiterated by analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They presently have a GBX 240 ($3.14) target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 16.11% from the company’s current price.
Other analysts also recently issued reports about the stock. Societe Generale upgraded shares of Royal Mail to a “hold” rating and reduced their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Credit Suisse Group reduced their price target 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. Liberum Capital upgraded shares of Royal Mail to a “hold” rating and reduced their price target for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a report on Friday, May 24th. Goldman Sachs Group upgraded shares of Royal Mail to a “buy” rating and reduced their price target for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Finally, Deutsche Bank reduced their price target on shares of Royal Mail from GBX 180 ($2.35) to GBX 150 ($1.96) and set a “sell” rating on the stock in a report on Tuesday, June 4th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Shares of LON RMG opened at GBX 206.70 ($2.70) on Thursday. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market capitalization of $2.07 billion and a price-to-earnings ratio of 11.81. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 515.80 ($6.74).
In related news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last quarter, insiders acquired 251,794 shares of company stock worth $51,708,848.
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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