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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a research report issued on Friday, July 12th, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also weighed in on RMG. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a research note on Thursday, June 20th. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a report on Friday, June 28th. HSBC downgraded Royal Mail to a “hold” rating and reduced their price target for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Liberum Capital restated a “hold” rating on shares of Royal Mail in a report on Tuesday, July 2nd. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
RMG stock traded down GBX 1.70 ($0.02) during mid-day trading on Friday, hitting GBX 211.10 ($2.76). 5,653,384 shares of the stock were exchanged, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The firm’s fifty day simple moving average is GBX 211.32. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 492.50 ($6.44). The company has a market cap of $2.11 billion and a PE ratio of 12.06.
In other Royal Mail news, insider Rico Back acquired 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders purchased a total of 251,839 shares of company stock worth $51,718,658 over the last ninety 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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