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Berenberg Bank reaffirmed their hold rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Friday, January 17th, Digital Look reports. The brokerage currently has a GBX 240 ($3.16) price target on the stock.
Several other analysts have also issued reports on the stock. Sanford C. Bernstein lowered shares of Royal Mail to a market perform rating and reduced their price target for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Barclays reiterated an overweight rating on shares of Royal Mail in a research report on Friday, January 10th. Liberum Capital reiterated a sell rating on shares of Royal Mail in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their target price 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. Finally, Deutsche Bank restated a sell rating on shares of Royal Mail in a report on Friday, January 10th. 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 company. Royal Mail currently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
RMG stock opened at GBX 199.18 ($2.62) 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 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 308.50 ($4.06). The company has a market cap of $2.01 billion and a PE ratio of 6.17. The business has a 50-day simple moving average of GBX 225.74 and a 200 day simple moving average of GBX 216.24.
The business 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 of this dividend was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is 0.74%.
In related news, insider Rico Back bought 300,000 shares of Royal Mail 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, for a total transaction of £702,000 ($923,441.20). Over the last ninety days, insiders purchased 300,128 shares of company stock worth $70,229,880.
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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