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Royal Mail (LON:RMG)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.
Other equities research analysts also recently issued reports about the company. Jefferies Financial Group raised their price target on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday. Liberum Capital reissued a “hold” rating on shares of Daily Mail and General Trust P L C in a report on Tuesday, July 2nd. Credit Suisse Group set a €80.00 ($93.02) price objective on Siltronic and gave the company a “neutral” rating in a report on Wednesday, May 29th. Societe Generale raised Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price objective on shares of in a report on Thursday, June 20th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
RMG opened at GBX 213.20 ($2.79) on Friday. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 499.10 ($6.52). The business’s 50-day moving average price is GBX 205.49. 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 stock has a market cap of $2.13 billion and a P/E ratio of 12.18.
In other Royal Mail news, insider Rico Back bought 51,702 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last three months, insiders have bought 251,794 shares of company stock worth $51,708,848.
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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