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Deutsche Bank reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research report report published on Friday, December 6th, ThisIsMoney.Co.Uk reports.
RMG has been the topic of several other reports. Sanford C. Bernstein cut shares of Royal Mail to a market perform rating and decreased their price target for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Societe Generale lowered their price objective on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating for the company in a research report on Wednesday, December 4th. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Royal Bank of Canada cut their target price on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating on the stock in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Royal Mail has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
Shares of Royal Mail stock traded up GBX 4.30 ($0.06) during midday trading on Friday, hitting GBX 236.50 ($3.11). 13,108,027 shares of the company were exchanged, compared to its average volume of 5,850,000. The firm has a 50 day simple moving average of GBX 218.34 and a 200-day simple moving average of GBX 211.79. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. 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 firm has a market cap of $2.37 billion and a P/E ratio of 7.32.
The business also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s payout ratio is presently 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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