Royal Mail (LON:RMG) Receives Buy Rating from Goldman Sachs Group

Goldman Sachs Group reaffirmed their buy rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Monday, June 10th, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently issued reports on RMG. Liberum Capital upgraded shares of Royal Mail to a hold rating and dropped their target price for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. Credit Suisse Group lowered their price objective on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a report on Wednesday, May 29th. UBS Group restated a neutral rating and set a GBX 282 ($3.68) price objective (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a report on Monday, February 11th. JPMorgan Chase & Co. upgraded shares of Royal Mail to a neutral rating and upped their price objective for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Finally, Berenberg Bank restated a hold rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a report on Wednesday, May 22nd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Royal Mail presently has an average rating of Hold and an average target price of GBX 250.46 ($3.27).

RMG traded down GBX 0.90 ($0.01) during trading on Monday, reaching GBX 209.90 ($2.74). 3,443,720 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 506.80 ($6.62). The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The stock has a market capitalization of $2.10 billion and a PE ratio of 11.99. The stock has a fifty day moving average price of GBX 209.88.

The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. The ex-dividend date is Thursday, July 25th. This represents a yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio is presently 1.43%.

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