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Deutsche Bank reissued their sell rating on shares of Royal Mail (LON:RMG) in a report released on Friday, December 6th, ThisIsMoney.Co.Uk reports.
Several other research analysts have also commented on the company. Goldman Sachs Group dropped their price target 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. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Societe Generale reduced their price objective on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating on the stock in a research report on Wednesday, December 4th. Sanford C. Bernstein downgraded shares of Royal Mail to a market perform rating and decreased their price objective for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Finally, JPMorgan Chase & Co. reduced their price target on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating on the stock in a report on Friday, November 22nd. 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 currently has a consensus rating of Hold and a consensus price target of GBX 211.54 ($2.78).
Shares of LON:RMG traded down GBX 3.90 ($0.05) during mid-day trading on Friday, reaching GBX 234.20 ($3.08). The stock had a trading volume of 4,433,457 shares, 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 308.50 ($4.06). 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 business’s 50 day moving average price is GBX 222.90 and its 200 day moving average price is GBX 213.27. The company has a market cap of $2.34 billion and a P/E ratio of 7.25.
The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s payout ratio is 0.74%.
In other Royal Mail news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). In the last quarter, insiders have acquired 300,083 shares of company stock worth $70,219,890.
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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