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Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Royal Mail (LON:RMG) in a research report released on Tuesday, Analyst Price Targets reports. They currently have a GBX 680 ($9.17) target price on the stock.
Other equities analysts also recently issued reports about the stock. Berenberg Bank reiterated a buy rating and issued a GBX 650 ($8.77) target price on shares of Royal Mail in a report on Tuesday, January 4th. Peel Hunt reiterated a buy rating and issued a GBX 625 ($8.43) target price on shares of Royal Mail in a report on Thursday, November 18th. Peel Hunt reiterated a buy rating and issued a GBX 625 ($8.43) target price on shares of Royal Mail in a report on Thursday, November 18th. Liberum Capital reiterated a hold rating and issued a GBX 560 ($7.56) target price on shares of Royal Mail in a report on Tuesday, December 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Royal Mail from GBX 777 ($10.48) to GBX 768 ($10.36) and set an overweight rating on the stock in a report on Friday, January 14th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Royal Mail currently has an average rating of Buy and an average price target of GBX 695.91 ($9.39).
Shares of Royal Mail stock opened at GBX 440 ($5.94) on Tuesday. The company has a market capitalization of £4.39 billion and a PE ratio of 4.99. The company has a debt-to-equity ratio of 43.81, a quick ratio of 1.28 and a current ratio of 1.31. The company has a 50-day simple moving average of GBX 497.34 and a two-hundred day simple moving average of GBX 490.49. Royal Mail has a one year low of GBX 396.60 ($5.35) and a one year high of GBX 613.80 ($8.28).
The company also recently announced a dividend, which was paid on Wednesday, January 12th. Investors of record on Thursday, December 2nd were given a GBX 6.70 ($0.09) dividend. The ex-dividend date was Thursday, December 2nd. This represents a yield of 1.53%. Royal Mail’s dividend payout ratio is currently 0.11%.
About Royal Mail
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
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