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Deutsche Bank restated their sell rating on shares of Royal Mail (LON:RMG) in a research report released on Friday, ThisIsMoney.Co.Uk reports.
RMG has been the topic of several other research reports. Barclays reissued a hold rating and issued a $102.00 price objective on shares of Cboe Global Markets in a research note on Friday. Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the company a neutral rating in a report on Wednesday, May 29th. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a report on Monday, June 10th. Liberum Capital restated a hold rating on shares of Daily Mail and General Trust P L C in a report on Tuesday, July 2nd. Finally, Jefferies Financial Group boosted their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a buy rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Royal Mail has an average rating of Hold and an average price target of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded up GBX 4.80 ($0.06) during trading on Friday, hitting GBX 218 ($2.85). The company’s stock had a trading volume of 5,111,400 shares, compared to its average volume of 5,850,000. 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 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 499.10 ($6.52). The stock has a market capitalization of $2.18 billion and a PE ratio of 12.46. The firm’s 50-day moving average is GBX 205.90.
The business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be issued a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend 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 currently 1.43%.
In related news, insider Rico Back acquired 51,702 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders have bought 251,794 shares of company stock worth $51,708,848 in the last quarter.
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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