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Royal Mail (LON:RMG) had its target price cut by Credit Suisse Group from GBX 238 ($3.11) to GBX 183 ($2.39) in a research report report published on Wednesday, May 29th, ThisIsMoney.Co.Uk reports. They currently have an underperform rating on the stock.
Several other research firms also recently weighed in on RMG. Liberum Capital reissued a sell rating and set a GBX 240 ($3.14) target price (down previously from GBX 250 ($3.27)) on shares of Royal Mail in a research report on Tuesday, January 29th. Deutsche Bank cut their target price on Royal Mail from GBX 250 ($3.27) to GBX 180 ($2.35) and set a sell rating on the stock in a research report on Friday, February 8th. HSBC raised Royal Mail to a buy rating and cut their target price for the company from GBX 347 ($4.53) to GBX 300 ($3.92) in a research report on Monday, February 4th. UBS Group reaffirmed a neutral rating and issued a GBX 282 ($3.68) price objective (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a research report on Monday, February 11th. Finally, Barclays reaffirmed an overweight rating and issued a GBX 410 ($5.36) price objective on shares of Royal Mail in a research report on Tuesday, January 29th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of LON RMG traded up GBX 0.40 ($0.01) during trading hours on Wednesday, hitting GBX 206.70 ($2.70). 22,725,833 shares of the company traded hands, compared to its average volume of 5,850,000. The company has a market cap of $2.07 billion and a P/E ratio of 11.81. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 511.80 ($6.69).
The company also recently declared a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio is presently 1.43%.
In related news, insider Rico Back acquired 51,702 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders have purchased a total of 251,794 shares of company stock valued at $51,708,848 over the last 90 days.
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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