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Liberum Capital reaffirmed their sell rating on shares of Royal Mail (LON:RMG) in a report issued on Thursday, Stock Target Advisor reports.
RMG has been the subject of several other research reports. Goldman Sachs Group cut their price objective 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. lowered Royal Mail to an underweight rating and cut their price objective for the company from GBX 252 ($3.29) to GBX 192 ($2.51) in a report on Tuesday, October 29th. Credit Suisse Group restated an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Barclays restated an overweight rating on shares of Royal Mail in a report on Monday, October 14th. Finally, Royal Bank of Canada cut their price objective on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 212.75 ($2.78).
Shares of Royal Mail stock opened at GBX 199.90 ($2.61) on Thursday. 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 firm has a market cap of $2.01 billion and a price-to-earnings ratio of 11.42. The business has a fifty day simple moving average of GBX 216.66 and a 200-day simple moving average of GBX 214.68. 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 company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is 1.43%.
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.
Further Reading: 52-Week High/Low Prices For Stock Selection
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