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Deutsche Bank restated 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.
Other analysts have also issued research reports about the stock. Liberum Capital reduced their price target on shares of Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a sell rating on the stock in a research report on Wednesday, November 27th. Barclays reissued an overweight rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a research report on Thursday, November 21st. Societe Generale cut their target price on 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. JPMorgan Chase & Co. dropped their price target on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating for the company in a research note on Friday, November 22nd. Finally, Goldman Sachs Group dropped their price target on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating for the company in a research note on Monday, November 25th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Royal Mail currently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
Shares of Royal Mail stock opened at GBX 234.20 ($3.08) on Friday. The stock has a market cap of $2.34 billion and a P/E 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. The stock’s 50 day simple moving average is GBX 224.15 and its 200-day simple moving average is GBX 213.89. 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 business also recently disclosed 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. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio is presently 0.74%.
In related news, insider Rico Back acquired 300,000 shares of the firm’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 acquired 300,083 shares of company stock valued at $70,219,890 in the last 90 days.
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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