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JPMorgan Chase & Co. reiterated their underweight rating on shares of Royal Mail (LON:RMG) in a research note published on Monday, January 20th, Digital Look reports.
A number of other equities analysts have also recently weighed in on the stock. Societe Generale reduced their price objective on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating for the company in a research report on Wednesday, December 4th. Goldman Sachs Group lowered 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 research note on Monday, November 25th. Sanford C. Bernstein downgraded shares of Royal Mail to a market perform rating and decreased their price target for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Royal Bank of Canada cut their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating on the stock in a report on Wednesday, October 9th. Five investment 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’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 211.54 ($2.78).
RMG stock opened at GBX 201.50 ($2.65) on Monday. The firm’s fifty day simple moving average is GBX 224.72 and its 200-day simple moving average is GBX 216.09. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06). The company has a market capitalization of $1.98 billion and a P/E ratio of 6.24. 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 firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were given a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is presently 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 stock was purchased at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders purchased a total of 300,128 shares of company stock worth $70,229,880 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.
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