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Shares of Royal Mail PLC (LON:RMG) have received an average rating of “Hold” from the thirteen research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 223.89 ($2.93).
A number of brokerages recently commented on RMG. Goldman Sachs Group reduced their price target on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “buy” rating for the company in a report on Monday, October 28th. Royal Bank of Canada reduced their price target on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a report on Wednesday, October 9th. Deutsche Bank reissued a “sell” rating and issued a GBX 150 ($1.96) price target on shares of Royal Mail in a report on Friday. Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. reduced their target price on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating on the stock in a report on Friday.
RMG traded up GBX 1.45 ($0.02) on Monday, reaching GBX 199.90 ($2.61). The company’s stock had a trading volume of 15,006,116 shares, compared to its average volume of 5,850,000. The stock has a market cap of $2.01 billion and a price-to-earnings ratio of 11.42. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 347.50 ($4.54). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The business’s 50 day moving average is GBX 216.66 and its 200 day moving average is GBX 214.68.
The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s dividend payout ratio is presently 1.43%.
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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