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Liberum Capital reissued their sell rating on shares of Royal Mail (LON:RMG) in a report issued on Monday, December 16th, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also issued reports on the company. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research report on Thursday, December 12th. Goldman Sachs Group decreased 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. JPMorgan Chase & Co. cut 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 note on Friday, November 22nd. Finally, Barclays restated an overweight rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a research note on Thursday, November 21st. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 211.54 ($2.78).
Shares of Royal Mail stock traded down GBX 3.80 ($0.05) during trading on Monday, reaching GBX 230.40 ($3.03). The company’s stock had a trading volume of 2,918,418 shares, compared to its average volume of 5,850,000. 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 stock has a 50-day moving average price of GBX 224.88 and a two-hundred day moving average price of GBX 214.34. 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 stock has a market capitalization of $2.30 billion and a P/E ratio of 7.13.
The company 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 yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s payout ratio is 0.74%.
In related news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders acquired a total of 300,083 shares of company stock worth $70,219,890 in the last 90 days.
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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