Related Articles
Royal Mail (LON:RMG)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, August 20th, ThisIsMoney.Co.Uk reports.
RMG has been the topic of a number of other research reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Morgan Stanley raised shares of Royal Mail to an “equal weight” rating in a report on Monday, July 15th. Goldman Sachs Group reissued a “buy” rating on shares of Royal Mail in a report on Monday, June 10th. Societe Generale raised shares of Royal Mail to a “hold” rating and reduced their target price for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Finally, Deutsche Bank reaffirmed a “sell” rating on shares of Royal Mail in a report on Friday, July 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Shares of RMG stock opened at GBX 208.50 ($2.72) on Tuesday. The firm’s 50 day moving average is GBX 208.56 and its 200 day moving average is GBX 233.07. 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 stock has a market capitalization of $2.01 billion and a P/E ratio of 11.91. Royal Mail has a 12 month low of GBX 186.80 ($2.44) and a 12 month high of GBX 492.50 ($6.44).
In other news, insider Rico Back acquired 51,702 shares of Royal Mail stock in a transaction on Tuesday, June 4th. The stock was acquired 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 90 days, insiders have acquired 51,796 shares of company stock valued at $10,308,553.
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.
Further Reading: Growth Stocks
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
