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

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Royal Mail (LON:RMG)‘s stock had its “sell” rating reissued by stock analysts at Deutsche Bank in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

RMG has been the topic of a number of other research reports. Liberum Capital reissued a “hold” rating on shares of Daily Mail and General Trust P L C in a research note on Tuesday, July 2nd. Jefferies Financial Group raised their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) target price on shares of in a research note on Thursday, June 20th. Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Barclays reaffirmed a “hold” rating and set a $102.00 price target on shares of Cboe Global Markets in a research note on Friday. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).

Shares of RMG stock opened at GBX 218 ($2.85) on Friday. The company has a fifty day simple moving average of GBX 205.90. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week 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 cap of $2.18 billion and a P/E ratio of 12.46.

In other news, insider Rico Back purchased 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have purchased a total of 251,794 shares of company stock worth $51,708,848 in the last ninety days.

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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Analyst Recommendations for Royal Mail (LON:RMG)

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