Home / Royal Mail / Royal Mail (LON:RMG) Rating Reiterated by Jefferies Financial Group

Royal Mail (LON:RMG) Rating Reiterated by Jefferies Financial Group

Royal Mail (LON:RMG)‘s stock had its “underperform” rating reissued by stock analysts at Jefferies Financial Group in a report released on Thursday, ThisIsMoney.Co.Uk reports.

RMG has been the subject of a number of other reports. HSBC reiterated a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. JPMorgan Chase & Co. started coverage on INTL CONS AIRL/S in a research report on Tuesday, June 4th. They set an “overweight” rating on the stock. Credit Suisse Group set a €80.00 ($93.02) price objective on Siltronic and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Deutsche Bank set a $142.00 price objective on MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, June 28th. Finally, Liberum Capital restated a “hold” rating on shares of Daily Mail and General Trust P L C in a research report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).

Shares of RMG stock traded up GBX 3.10 ($0.04) during trading hours on Thursday, reaching GBX 213.20 ($2.79). 2,864,809 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. 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 company has a market capitalization of $2.13 billion and a PE ratio of 12.18. The business’s fifty day simple moving average is GBX 205.67. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.

In related news, insider Rico Back purchased 200,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Over the last 90 days, insiders have bought 251,794 shares of company stock worth $51,708,848.

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.

Recommended Story: What is the return on assets (ROA) ratio?

Analyst Recommendations for Royal Mail (LON:RMG)



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

About admin

Check Also

Entrepreneur breathes new life into old town Con Club

AN entrepreneur has revealed plans to revitalise a disused club in the town centre. The …

Leave a Reply

Your email address will not be published. Required fields are marked *