Royal Mail (LON:RMG) was upgraded by stock analysts at Societe Generale to a “hold” rating in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 208 ($2.72) price objective on the stock, down from their prior price objective of GBX 235 ($3.07). Societe Generale’s price objective suggests a potential upside of 3.74% from the company’s current price.
Other analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Royal Mail to a “buy” rating and decreased their target price for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research report on Friday, May 24th. Berenberg Bank reiterated a “hold” rating and set a GBX 240 ($3.14) target price on shares of Royal Mail in a research report on Wednesday, May 22nd. Liberum Capital upgraded shares of Royal Mail to a “hold” rating and decreased their target price for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. HSBC lowered shares of Royal Mail to a “hold” rating and decreased their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. upgraded shares of Royal Mail to a “neutral” rating and lifted their target price for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Royal Mail has an average rating of “Hold” and an average price target of GBX 250.46 ($3.27).
Shares of Royal Mail stock opened at GBX 200.50 ($2.62) on Friday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 12.04. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 515.80 ($6.74). The stock has a market cap of $1.96 billion and a PE ratio of 11.46.
In other news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last 90 days, insiders acquired 251,745 shares of company stock worth $51,698,803.
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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