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Liberum Capital reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Friday, December 6th, ThisIsMoney.Co.Uk reports.
RMG has been the subject of several other reports. Sanford C. Bernstein downgraded shares of Royal Mail to a market perform rating and lowered their price objective for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. JPMorgan Chase & Co. reduced their target price 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 report on Friday, November 22nd. Goldman Sachs Group reduced their target price 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 report on Monday, November 25th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a report on Friday, December 6th. Finally, Royal Bank of Canada reduced their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 211.54 ($2.78).
RMG traded down GBX 4.10 ($0.05) during trading on Friday, hitting GBX 226.30 ($2.98). The stock had a trading volume of 1,396,712 shares, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 308.50 ($4.06). The stock has a 50 day simple moving average of GBX 225.01 and a two-hundred day simple moving average of GBX 214.49. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The company has a market capitalization of $2.26 billion and a PE ratio of 7.01.
The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued 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 payout ratio is 0.74%.
In other news, insider Rico Back acquired 300,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders acquired 300,083 shares of company stock valued at $70,219,890 in the last ninety 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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