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

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

Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group cut SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. HSBC reiterated a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Credit Suisse Group set a €80.00 ($93.02) price objective on Siltronic and gave the stock a “neutral” rating in a report on Wednesday, May 29th. Liberum Capital reiterated a “hold” rating on shares of Daily Mail and General Trust P L C in a report on Tuesday, July 2nd. Finally, Societe Generale upgraded Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).

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

In other Royal Mail news, insider Rico Back bought 200,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were acquired at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Insiders acquired a total of 251,794 shares of company stock worth $51,708,848 over the last three months.

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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