Related Articles
Deutsche Bank reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research note released on Friday, January 10th, ThisIsMoney.Co.Uk reports.
Several other analysts have also recently weighed in on RMG. Liberum Capital reissued a sell rating on shares of Royal Mail in a report on Tuesday, January 7th. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. JPMorgan Chase & Co. dropped 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 report on Friday, November 22nd. Royal Bank of Canada dropped 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 report on Wednesday, October 9th. Finally, Societe Generale dropped 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 report on Wednesday, December 4th. 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 stock. The stock presently has a consensus rating of Hold and an average target price of GBX 211.54 ($2.78).
RMG opened at GBX 212.28 ($2.79) on Friday. Royal Mail has a 12-month low of GBX 186.80 ($2.46) and a 12-month high of GBX 308.50 ($4.06). The stock has a market cap of $2.13 billion and a price-to-earnings ratio of 6.57. The business has a 50 day moving average of GBX 226.33 and a 200-day moving average of GBX 216.22. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were paid a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s payout ratio is 0.74%.
In other news, insider Rico Back acquired 300,000 shares of Royal Mail stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have purchased a total of 300,128 shares of company stock worth $70,229,880 in 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.
See Also: Outstanding Shares, Buying and Selling Stocks
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
