Royal Mail (LON:RMG) Receives Overweight Rating from Barclays

Barclays reissued their overweight rating on shares of Royal Mail (LON:RMG) in a report published on Thursday morning, Digital Look reports. Barclays currently has a GBX 250 ($3.27) price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Liberum Capital reissued a sell rating on shares of Royal Mail in a report on Thursday. Goldman Sachs Group dropped their target price on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a buy rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating for the company in a report on Friday. Finally, Deutsche Bank reissued a sell rating and set a GBX 150 ($1.96) target price on shares of Royal Mail in a report on Friday. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Royal Mail presently has a consensus rating of Hold and an average price target of GBX 212.75 ($2.78).

Royal Mail stock traded up GBX 1.45 ($0.02) during mid-day trading on Thursday, hitting GBX 199.90 ($2.61). 9,485,101 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The firm has a 50 day simple moving average of GBX 216.73 and a two-hundred day simple moving average of GBX 214.95. Royal Mail has a fifty-two week low of GBX 186.80 ($2.44) and a fifty-two week high of GBX 347.50 ($4.54). The stock has a market cap of $2.01 billion and a price-to-earnings ratio of 11.42. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73.

The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid a GBX 7.50 ($0.10) dividend. This represents a yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.

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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