Related Articles
Deutsche Bank reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Friday, January 10th, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also commented on the company. Goldman Sachs Group lowered 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 report on Monday, November 25th. JPMorgan Chase & Co. reduced their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating for the company in a research report on Friday, November 22nd. Liberum Capital reiterated a sell rating on shares of Royal Mail in a research report on Tuesday, January 7th. Barclays reiterated an overweight rating and set a GBX 250 ($3.29) price objective on shares of Royal Mail in a research report on Thursday, November 21st. Finally, Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Royal Mail has a consensus rating of Hold and an average price target of GBX 211.54 ($2.78).
LON:RMG opened at GBX 198.20 ($2.61) on Friday. The firm has a market capitalization of $1.98 billion and a PE ratio of 6.14. The stock has a 50 day moving average of GBX 222.67 and a 200-day moving average of GBX 215.90. Royal Mail has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 295.50 ($3.89). 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 firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is presently 0.74%.
In other Royal Mail news, insider Rico Back acquired 300,000 shares of Royal Mail stock in a transaction dated Wednesday, December 18th. The stock was acquired 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 have bought 300,128 shares of company stock valued at $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.
Recommended Story: Gross Domestic Product (GDP)
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
