Societe Generale Downgrades Royal Mail (LON:RMG) to Sell

Societe Generale downgraded shares of Royal Mail (LON:RMG) to a sell rating in a report published on Tuesday, Stock Target Advisor reports. The firm currently has GBX 148 ($1.95) price objective on the stock, down from their prior price objective of GBX 200 ($2.63).

A number of other equities research analysts also recently issued reports on the stock. Barclays reiterated an overweight rating on shares of Royal Mail in a research note on Friday, January 10th. Deutsche Bank reiterated a sell rating and set a GBX 150 ($1.97) price objective on shares of Royal Mail in a research note on Friday, February 7th. Sanford C. Bernstein downgraded shares of Royal Mail to an underperform rating and reduced their price objective for the stock from GBX 225 ($2.96) to GBX 135 ($1.78) in a research note on Friday, February 7th. Credit Suisse Group reduced their price objective on shares of Royal Mail from GBX 152 ($2.00) to GBX 138 ($1.82) and set an underperform rating on the stock in a research note on Monday, February 10th. Finally, Liberum Capital reiterated a sell rating on shares of Royal Mail in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Royal Mail currently has an average rating of Hold and an average target price of GBX 178.75 ($2.35).

RMG stock opened at GBX 181.25 ($2.38) on Tuesday. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The company’s 50-day simple moving average is GBX 207.69 and its 200 day simple moving average is GBX 213.53. Royal Mail has a 52 week low of GBX 168.05 ($2.21) and a 52 week high of GBX 295.50 ($3.89). The company has a market capitalization of $1.81 billion and a PE ratio of 5.61.

In other news, insider Maria da Cunha acquired 15,000 shares of Royal Mail stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of GBX 177 ($2.33) per share, for a total transaction of £26,550 ($34,925.02). Also, insider Michael Findlay acquired 16,690 shares of Royal Mail stock in a transaction on Monday, February 10th. The shares were purchased at an average price of GBX 179 ($2.35) per share, for a total transaction of £29,875.10 ($39,299.00). Insiders have acquired 631,775 shares of company stock worth $129,562,500 over the last quarter.

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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