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Berenberg Bank reaffirmed their hold rating on shares of Royal Mail (LON:RMG) in a report published on Friday, January 17th, Digital Look reports. The brokerage currently has a GBX 240 ($3.16) target price on the stock.
Several other equities analysts have also weighed in on the stock. Deutsche Bank reissued a sell rating on shares of Royal Mail in a research report on Friday, January 10th. Royal Bank of Canada dropped their price objective 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 research report on Wednesday, October 9th. Societe Generale dropped their price objective on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating on the stock in a research report on Wednesday, December 4th. JPMorgan Chase & Co. dropped their price objective on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating on the stock in a research report on Friday, November 22nd. Finally, Liberum Capital reissued a sell rating on shares of Royal Mail in a research report on Tuesday, January 7th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
LON RMG opened at GBX 194.10 ($2.55) on Friday. 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’s fifty day moving average price is GBX 220.29 and its two-hundred day moving average price is GBX 215.68. Royal Mail has a 1 year low of GBX 186.80 ($2.46) and a 1 year high of GBX 295.50 ($3.89). The firm has a market capitalization of $1.94 billion and a P/E ratio of 6.01.
The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were given a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 3.78%. The ex-dividend date was Thursday, December 5th. Royal Mail’s dividend payout ratio is 0.74%.
In other Royal Mail news, insider Rico Back purchased 300,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last ninety days, insiders have 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.
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