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Deutsche Bank reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Friday, June 28th, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently commented on RMG. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 3,000 ($39.20) price objective on shares of in a report on Monday, June 3rd. Berenberg Bank restated a hold rating and set a GBX 240 ($3.14) price objective on shares of in a research report on Thursday, June 20th. Liberum Capital restated a buy rating and set a GBX 119 ($1.55) price objective on shares of in a research report on Wednesday, June 26th. Barclays set a $34.00 price objective on shares of DCP Midstream and gave the company a hold rating in a research report on Wednesday, May 22nd. Finally, Goldman Sachs Group cut shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research report on Monday, June 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
RMG traded up GBX 4.80 ($0.06) on Friday, hitting GBX 218 ($2.85). The company’s stock had a trading volume of 4,391,326 shares, compared to its average volume of 5,850,000. The stock’s 50 day simple moving average is GBX 205.90. The stock has a market cap of $2.18 billion and a price-to-earnings ratio of 12.46. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 499.10 ($6.52). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04.
The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid 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 payout ratio is presently 1.43%.
In other Royal Mail news, insider Rico Back acquired 200,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Insiders have purchased 251,794 shares of company stock worth $51,708,848 in the last three months.
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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