Deutsche Bank Reaffirms Hold Rating for Royal Mail (LON:RMG)

Deutsche Bank reaffirmed their hold rating on shares of Royal Mail (LON:RMG) in a report published on Friday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also weighed in on RMG. Sanford C. Bernstein raised shares of Royal Mail to a market perform rating and raised their price target for the company from GBX 135 ($1.66) to GBX 165 ($2.03) in a research note on Monday, May 18th. Societe Generale decreased their price target on shares of Royal Mail from GBX 148 ($1.82) to GBX 105 ($1.29) and set a sell rating on the stock in a research note on Wednesday, April 1st. Credit Suisse Group reissued an underperform rating and issued a GBX 95 ($1.17) target price on shares of Royal Mail in a research note on Wednesday, June 17th. JPMorgan Chase & Co. reissued an underweight rating on shares of Royal Mail in a research note on Friday. Finally, Barclays decreased their target price on shares of Royal Mail from GBX 250 ($3.08) to GBX 200 ($2.46) and set an overweight rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 159.25 ($1.96).

Shares of RMG opened at GBX 172.20 ($2.12) on Friday. The business’s 50-day moving average is GBX 175.21 and its two-hundred day moving average is GBX 179.98. The company has a market capitalization of $1.65 billion and a P/E ratio of 5.33. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. Royal Mail has a fifty-two week low of GBX 118.86 ($1.46) and a fifty-two week high of GBX 258.60 ($3.18).

Royal Mail (LON:RMG) last posted its earnings results on Thursday, June 25th. The company reported GBX 19.60 ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 21.70 ($0.27) by GBX (2.10) (($0.03)). Analysts forecast that Royal Mail will post 2834.0001931 EPS for the current year.

In other news, insider Stuart Simpson sold 19,354 shares of Royal Mail stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of GBX 158 ($1.94), for a total transaction of £30,579.32 ($37,631.45). In the last ninety days, insiders have bought 186 shares of company stock worth $30,021.

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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Analyst Recommendations for Royal Mail (LON:RMG)

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