Berenberg Bank Reiterates “Hold” Rating for Royal Mail (RMG)
Berenberg Bank reissued their hold rating on shares of Royal Mail (LON:RMG) in a research report report published on Wednesday, Digital Look reports. Berenberg Bank currently has a GBX 240 ($3.14) price target on the stock.
Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reissued an underweight rating on shares of Royal Mail in a report on Wednesday, May 15th. Liberum Capital reissued a sell rating on shares of Royal Mail in a report on Tuesday, April 2nd. Deutsche Bank reduced their target price on Royal Mail from GBX 250 ($3.27) to GBX 180 ($2.35) and set a sell rating for the company in a report on Friday, February 8th. UBS Group reissued a neutral rating and issued a GBX 354 ($4.63) target price on shares of Royal Mail in a report on Friday, January 25th. Finally, Credit Suisse Group reduced their target price on Royal Mail from GBX 301 ($3.93) to GBX 238 ($3.11) and set an underperform rating for the company in a report on Wednesday, January 30th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 286.33 ($3.74).
Royal Mail stock opened at GBX 210.60 ($2.75) on Wednesday. Royal Mail has a one year low of GBX 231.89 ($3.03) and a one year high of GBX 585 ($7.64). The company has a debt-to-equity ratio of 16.69, a current ratio of 0.78 and a quick ratio of 0.74. The firm has a market capitalization of $2.11 billion and a price-to-earnings ratio of 22.40.
In other news, insider Rico Back purchased 200,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Insiders have bought a total of 200,081 shares of company stock valued at $41,420,137 in 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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