Related Articles
Royal Mail (LON:RMG) had its price target reduced 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. Liberum Capital currently has a sell rating on the stock.
Several other equities research analysts also recently issued reports on the company. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Deutsche Bank reiterated a sell rating and set a GBX 150 ($1.97) price target on shares of Royal Mail in a report on Friday, November 22nd. Barclays reaffirmed 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. JPMorgan Chase & Co. decreased their target price on 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. Finally, 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 research report on Monday, November 25th. Five investment 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 a consensus target price of GBX 211.54 ($2.78).
RMG traded up GBX 3 ($0.04) during midday trading on Wednesday, hitting GBX 238.10 ($3.13). 6,943,890 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The stock’s fifty day simple moving average is GBX 221.58 and its 200-day simple moving average is GBX 212.80. The company has a market cap of $2.38 billion and a PE ratio of 7.37. Royal Mail has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 308.50 ($4.06).
The business also recently announced 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 dividend yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s dividend payout ratio is presently 0.74%.
In related news, insider Rico Back purchased 300,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have bought 300,083 shares of company stock worth $70,219,890 over the last three months.
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.
Recommended Story: What member countries make up the G-20?
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
