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Berenberg Bank reaffirmed their hold rating on shares of Royal Mail (LON:RMG) in a research note released on Friday morning, Digital Look reports. The firm currently has a GBX 240 ($3.16) target price on the stock.
Other equities analysts have also recently issued reports about the company. Liberum Capital restated a sell rating on shares of Royal Mail in a report on Tuesday, January 7th. Deutsche Bank restated a sell rating on shares of Royal Mail in a report on Friday, January 10th. Sanford C. Bernstein cut Royal Mail to a market perform rating and cut their price target for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Societe Generale cut their price target 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. Finally, Barclays restated an overweight rating on shares of Royal Mail in a report on Friday, January 10th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 211.54 ($2.78).
Royal Mail stock opened at GBX 211.30 ($2.78) on Friday. The stock has a market capitalization of $2.13 billion and a price-to-earnings ratio of 6.54. Royal Mail has a 52-week low of GBX 186.80 ($2.46) and a 52-week high of GBX 308.50 ($4.06). The stock’s 50 day moving average price is GBX 226.33 and its two-hundred day moving average price is GBX 216.22. 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 also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, December 5th. Royal Mail’s dividend payout ratio is currently 0.74%.
In other news, insider Rico Back bought 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Over the last quarter, insiders purchased 300,128 shares of company stock worth $70,229,880.
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.
See Also: Coverage Ratio
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