Royal Mail (LON:RMG) PT Lowered to GBX 175

Royal Mail (LON:RMG) had its price target trimmed by Liberum Capital from GBX 185 ($2.43) to GBX 175 ($2.30) in a research report sent to investors on Wednesday, November 27th, ThisIsMoney.Co.Uk reports. The brokerage currently has a sell rating on the stock.

Other equities analysts have also issued reports about the company. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Royal Bank of Canada reduced their price objective on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a report on Wednesday, October 9th. Goldman Sachs Group reduced their price objective on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating for the company in a report on Monday, November 25th. Deutsche Bank restated a sell rating and set a GBX 150 ($1.97) target price on shares of Royal Mail in a research report on Friday, November 22nd. Finally, Barclays restated an overweight rating and set a GBX 250 ($3.29) target price on shares of Royal Mail in a research report on Thursday, November 21st. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 211.54 ($2.78).

Shares of RMG stock traded up GBX 4.30 ($0.06) during trading on Wednesday, hitting GBX 236.50 ($3.11). The company’s stock had a trading volume of 13,108,027 shares, compared to its average volume of 5,850,000. The business has a fifty day moving average of GBX 218.34 and a 200-day moving average of GBX 211.79. Royal Mail has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 315.70 ($4.15). The company has a market cap of $2.37 billion and a PE ratio of 7.32. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.

The company also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s payout ratio is 0.74%.

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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