Morgan Stanley Upgrades Royal Mail (LON:RMG) to “Equal weight”
Morgan Stanley upgraded shares of Royal Mail (LON:RMG) to an equal weight rating in a report published on Monday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued reports about the stock. Barclays reiterated a hold rating and set a $102.00 target price on shares of Cboe Global Markets in a research report on Friday, July 12th. HSBC reiterated a hold rating on shares of Royal Mail in a research report on Friday, June 7th. Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the stock a neutral rating in a research report on Wednesday, May 29th. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. Finally, Jefferies Financial Group boosted their price target on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a buy rating in a research note on Thursday, July 11th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 250.46 ($3.27).
LON:RMG opened at GBX 216.10 ($2.82) on Monday. The firm has a market capitalization of $2.16 billion and a price-to-earnings ratio of 12.35. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month 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 company has a 50-day moving average price of GBX 206.99.
In other Royal Mail news, insider Rico Back purchased 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last three months, insiders have purchased 251,839 shares of company stock valued at $51,718,658.
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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