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Liberum Capital reaffirmed their sell rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Friday, December 6th, ThisIsMoney.Co.Uk reports.
RMG has been the topic of several other reports. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. JPMorgan Chase & Co. reduced 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 report on Friday, November 22nd. Royal Bank of Canada reduced 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 report on Wednesday, October 9th. Sanford C. Bernstein downgraded Royal Mail to a market perform rating and reduced their price objective for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Finally, Societe Generale reduced their price objective on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating on the stock in a report on Wednesday, December 4th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 211.54 ($2.78).
Shares of RMG traded up GBX 0.90 ($0.01) on Friday, hitting GBX 234.20 ($3.08). The company’s stock had a trading volume of 2,841,968 shares, compared to its average volume of 5,850,000. The company has a market capitalization of $2.34 billion and a PE ratio of 7.25. 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 fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 308.50 ($4.06). The company has a 50 day moving average price of GBX 224.15 and a 200 day moving average price of GBX 213.89.
The firm also recently announced 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. This represents a dividend yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s payout ratio is 0.74%.
In other Royal Mail news, insider Rico Back bought 300,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have acquired a total of 300,083 shares of company stock valued at $70,219,890 in the last quarter.
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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