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Berenberg Bank reiterated their hold rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Friday morning, Digital Look reports. Berenberg Bank currently has a GBX 240 ($3.16) price objective on the stock.
A number of other equities analysts have also weighed in on the company. Royal Bank of Canada decreased their price target on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a research report on Wednesday, October 9th. Societe Generale decreased their price target on 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. JPMorgan Chase & Co. decreased their price target 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. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research report on Friday, January 10th. Finally, Barclays reiterated an overweight rating on shares of Royal Mail in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Royal Mail presently has an average rating of Hold and a consensus price target of GBX 211.54 ($2.78).
Shares of RMG stock opened at GBX 211 ($2.78) on Friday. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. Royal Mail has a fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 308.50 ($4.06). The stock has a market capitalization of $2.13 billion and a P/E ratio of 6.53. The stock has a 50-day simple moving average of GBX 226.33 and a 200 day simple moving average of GBX 216.22.
The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s payout ratio is presently 0.74%.
In other Royal Mail news, insider Rico Back acquired 300,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have acquired a total of 300,128 shares of company stock valued at $70,229,880 over the last 90 days.
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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