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Barclays reiterated their overweight rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Friday, Stock Target Advisor reports.
A number of other brokerages have also commented on RMG. Liberum Capital restated a sell rating on shares of Royal Mail in a research note on Tuesday. Goldman Sachs Group cut their target price on 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. Sanford C. Bernstein lowered Royal Mail to a market perform rating and cut their target price for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Societe Generale cut their target price on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating for the company in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada dropped their price objective on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a research note on Wednesday, October 9th. Five equities 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 has an average rating of Hold and a consensus target price of GBX 211.54 ($2.78).
Shares of LON RMG traded down GBX 5 ($0.07) during trading hours on Friday, reaching GBX 220.80 ($2.90). The stock had a trading volume of 2,977,393 shares, compared to its average volume of 5,850,000. The business’s fifty day moving average is GBX 224.63 and its two-hundred day moving average is GBX 215.82. 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 company has a market cap of $2.21 billion and a price-to-earnings ratio of 6.84. 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 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 dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.
In related news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have acquired 300,083 shares of company stock valued at $70,219,890 over 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.
Read More: What does a market perform rating mean?
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