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Deutsche Bank reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research note released on Friday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also recently commented on RMG. Berenberg Bank upgraded Royal Mail to a hold rating and decreased their price target for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research note on Monday, April 1st. Liberum Capital reiterated a sell rating on shares of Royal Mail in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated an underweight rating on shares of Royal Mail in a research note on Wednesday, May 15th. Barclays decreased their price target on Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating for the company in a research note on Wednesday, May 22nd. Finally, Goldman Sachs Group upgraded Royal Mail to a buy rating and decreased their price target for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research note on Friday, May 24th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).
Royal Mail stock opened at GBX 211.90 ($2.77) on Friday. The company has a 50-day simple moving average of GBX 211.82. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 506.80 ($6.62). The stock has a market capitalization of $2.12 billion and a PE ratio of 12.11.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. This represents a dividend yield of 7.43%. This is a boost from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In other news, insider Rico Back acquired 51,702 shares of Royal Mail stock in a transaction dated Tuesday, June 4th. The stock was 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 bought 251,794 shares of company stock valued at $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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