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Barclays restated their overweight rating on shares of Royal Mail (LON:RMG) in a report published on Friday, Stock Target Advisor reports.
RMG has been the topic of a number of other research reports. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Societe Generale cut their price target 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 report on Wednesday, December 4th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a research note on Friday. Royal Bank of Canada lowered their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a research note on Wednesday, October 9th. Finally, 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. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 211.54 ($2.78).
Shares of LON:RMG opened at GBX 218 ($2.87) on Friday. The firm has a market cap of $2.18 billion and a PE ratio of 6.75. The firm’s fifty day moving average is GBX 225.83 and its 200-day moving average is GBX 216.03. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. 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 company also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid 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 0.74%.
In other news, insider Rico Back bought 300,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have purchased 300,083 shares of company stock valued at $70,219,890 in the last three months.
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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