Royal Mail (RMG) Upgraded by Berenberg Bank to “Hold”

Royal Mail (LON:RMG) was upgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Monday, April 1st, Digital Look reports. The brokerage currently has a GBX 240 ($3.14) price objective on the stock, down from their prior price objective of GBX 250 ($3.27). Berenberg Bank’s price target suggests a potential downside of 4.57% from the company’s previous close.

RMG has been the subject of several other research reports. Deutsche Bank decreased their price objective on shares of Royal Mail from GBX 300 ($3.92) to GBX 250 ($3.27) and set a “sell” rating for the company in a research note on Thursday, December 6th. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a research note on Wednesday, December 12th. UBS Group restated a “neutral” rating and issued a GBX 354 ($4.63) price objective on shares of Royal Mail in a research note on Friday, January 25th. Liberum Capital reiterated a “sell” rating and set a GBX 240 ($3.14) target price (down previously from GBX 250 ($3.27)) on shares of Royal Mail in a research note on Tuesday, January 29th. Finally, JPMorgan Chase & Co. downgraded shares of Royal Mail to an “underweight” rating in a research note on Thursday, January 24th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 329.31 ($4.30).

LON:RMG traded down GBX 9.80 ($0.13) during trading hours on Monday, hitting GBX 251.50 ($3.29). The company’s stock had a trading volume of 6,987,172 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.52 billion and a PE ratio of 26.76. The company has a debt-to-equity ratio of 16.69, a current ratio of 0.78 and a quick ratio of 0.74. Royal Mail has a 52-week low of GBX 232.40 ($3.04) and a 52-week high of GBX 632.60 ($8.27).

In other news, insider Rico Back bought 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The shares were purchased at an average price of GBX 261 ($3.41) per share, for a total transaction of £391,500 ($511,564.09). Over the last three months, insiders have bought 150,073 shares of company stock valued at $39,169,797.

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.

Featured Story: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

Analyst Recommendations for Royal Mail (LON:RMG)

Receive News & Ratings for Royal Mail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail and related companies with's FREE daily email newsletter.