Royal Mail (RMG) – Analysts’ Recent Ratings Changes

Royal Mail (LON: RMG) has recently received a number of price target changes and ratings updates:

• 7/2/2019 – Royal Mail had its “hold” rating reaffirmed by analysts at Liberum Capital.
• 6/28/2019 – Royal Mail had its “sell” rating reaffirmed by analysts at Deutsche Bank AG.
• 6/26/2019 – Royal Mail had its “hold” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 185 ($2.42) price target on the stock.
• 6/20/2019 – Royal Mail had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 240 ($3.14) price target on the stock.
• 6/14/2019 – Royal Mail was upgraded by analysts at Societe Generale to a “hold” rating. They now have a GBX 208 ($2.72) price target on the stock, down previously from GBX 235 ($3.07).
• 6/10/2019 – Royal Mail had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
• 6/7/2019 – Royal Mail was downgraded by analysts at HSBC Holdings plc to a “hold” rating. They now have a GBX 216 ($2.82) price target on the stock, down previously from GBX 300 ($3.92).
• 6/4/2019 – Royal Mail had its price target lowered by analysts at Deutsche Bank AG from GBX 180 ($2.35) to GBX 150 ($1.96). They now have a “sell” rating on the stock.
• 6/4/2019 – Royal Mail was upgraded by analysts at JPMorgan Chase & Co. to a “neutral” rating. They now have a GBX 252 ($3.29) price target on the stock, up previously from GBX 241 ($3.15).
• 6/3/2019 – Royal Mail had its price target lowered by analysts at Jefferies Financial Group Inc from GBX 220 ($2.87) to GBX 170 ($2.22). They now have an “underperform” rating on the stock.
• 5/29/2019 – Royal Mail had its price target lowered by analysts at Credit Suisse Group AG from GBX 238 ($3.11) to GBX 183 ($2.39). They now have an “underperform” rating on the stock.
• 5/24/2019 – Royal Mail was upgraded by analysts at Liberum Capital to a “hold” rating. They now have a GBX 185 ($2.42) price target on the stock, down previously from GBX 240 ($3.14).
• 5/24/2019 – Royal Mail was upgraded by analysts at Goldman Sachs Group Inc to a “buy” rating. They now have a GBX 320 ($4.18) price target on the stock, down previously from GBX 360 ($4.70).
• 5/22/2019 – Royal Mail had its “sell” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 240 ($3.14) price target on the stock.
• 5/22/2019 – Royal Mail had its price target lowered by analysts at Barclays PLC from GBX 410 ($5.36) to GBX 250 ($3.27). They now have an “overweight” rating on the stock.
• 5/22/2019 – Royal Mail had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 240 ($3.14) price target on the stock.
• 5/15/2019 – Royal Mail had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co..

Royal Mail stock opened at GBX 210.50 ($2.75) on Tuesday. Royal Mail PLC has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 499.10 ($6.52). The business’s 50-day simple moving average is GBX 206.12. 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 stock has a market capitalization of $2.10 billion and a PE ratio of 12.03.

The firm also recently announced 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. This represents a yield of 7.43%. This is a boost from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. Royal Mail’s payout ratio is presently 1.43%.

In other news, insider Rico Back purchased 200,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Over the last 90 days, insiders have purchased 251,794 shares of company stock valued at $51,708,848.

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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