Royal Mail (LON:RMG) Stock Rating Reaffirmed by Deutsche Bank

Royal Mail (LON:RMG)‘s stock had its “sell” rating restated by Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

RMG has been the subject of a number of other reports. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Barclays reaffirmed a “hold” rating and issued a $102.00 target price on shares of Cboe Global Markets in a report on Friday. Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the company a “neutral” rating in a report on Wednesday, May 29th. Liberum Capital reaffirmed a “hold” rating on shares of Daily Mail and General Trust P L C in a report on Tuesday, July 2nd. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 240 ($3.14) target price on shares of in a report on Thursday, June 20th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).

Shares of Royal Mail stock opened at GBX 218 ($2.85) on Friday. Royal Mail has a 12-month low of GBX 192 ($2.51) and a 12-month high of GBX 499.10 ($6.52). The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The stock has a market capitalization of $2.18 billion and a PE ratio of 12.46. The firm has a 50-day moving average of GBX 205.90.

In other Royal Mail news, insider Rico Back purchased 51,702 shares of the stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders bought 251,794 shares of company stock worth $51,708,848 over the last quarter.

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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