Barclays Reiterates “Overweight” Rating for Royal Mail (LON:RMG)

Royal Mail (LON:RMG)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a report issued on Friday, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently weighed in on RMG. Berenberg Bank reiterated a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of in a research report on Thursday, June 20th. Jefferies Financial Group boosted 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. Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. Finally, Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).

Royal Mail stock opened at GBX 218 ($2.85) on Friday. The business’s 50-day moving average price is GBX 205.90. The company has a market capitalization of $2.18 billion and a price-to-earnings ratio of 12.46. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 499.10 ($6.52).

In related news, insider Rico Back acquired 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last 90 days, insiders have purchased 251,794 shares of company stock worth $51,708,848.

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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