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Goldman Sachs Group reaffirmed their buy rating on shares of Royal Mail (LON:RMG) in a research report report published on Monday, June 10th, ThisIsMoney.Co.Uk reports.
RMG has been the topic of a number of other research reports. Liberum Capital reissued a sell rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a report on Wednesday, May 22nd. UBS Group reissued a neutral rating and issued a GBX 282 ($3.68) target price (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a report on Monday, February 11th. Jefferies Financial Group dropped their target price on Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an underperform rating on the stock in a report on Monday, June 3rd. Barclays dropped their price objective on Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating on the stock in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. raised Royal Mail to a neutral rating and upped their price objective for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 250.46 ($3.27).
LON RMG traded down GBX 0.40 ($0.01) on Monday, reaching GBX 206.30 ($2.70). The stock had a trading volume of 4,825,760 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.06 billion and a PE ratio of 11.79. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company’s 50-day moving average is GBX 214.90. 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 announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This represents a yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. Royal Mail’s payout ratio is presently 1.43%.
In related news, insider Rico Back acquired 51,702 shares of Royal Mail stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders bought 251,794 shares of company stock worth $51,708,848 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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