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Royal Mail (LON:RMG) had its price objective lowered by Liberum Capital from GBX 185 ($2.43) to GBX 175 ($2.30) in a report released on Wednesday, November 27th, ThisIsMoney.Co.Uk reports. The brokerage currently has a sell rating on the stock.
Other equities research analysts also recently issued research reports about the company. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Deutsche Bank restated a sell rating and issued a GBX 150 ($1.97) price target on shares of Royal Mail in a research report on Friday, November 22nd. Royal Bank of Canada dropped their price target on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating for the company in a research report on Friday, November 22nd. Finally, Barclays restated an overweight rating and issued a GBX 250 ($3.29) price target on shares of Royal Mail in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 211.54 ($2.78).
Shares of LON RMG traded up GBX 4.30 ($0.06) during mid-day trading on Wednesday, hitting GBX 236.50 ($3.11). 13,108,027 shares of the company were exchanged, compared to its average volume of 5,850,000. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 315.70 ($4.15). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The stock has a 50 day simple moving average of GBX 218.34 and a 200-day simple moving average of GBX 211.79. The firm has a market cap of $2.37 billion and a price-to-earnings ratio of 7.32.
The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders 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 of this dividend is Thursday, December 5th. Royal Mail’s payout ratio is 0.74%.
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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