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JPMorgan Chase & Co. reissued their underweight rating on shares of Royal Mail (LON:RMG) in a research note published on Monday, January 20th, Digital Look reports.
A number of other equities analysts have also recently issued reports on RMG. Credit Suisse Group restated an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Sanford C. Bernstein lowered shares of Royal Mail to a market perform rating and dropped 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 reaffirmed an overweight rating on shares of Royal Mail in a report on Friday, January 10th. Deutsche Bank reissued a sell rating on shares of Royal Mail in a report on Friday, January 10th. Finally, Goldman Sachs Group decreased their price target on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating on the stock in a research note on Monday, November 25th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 204.62 ($2.69).
Royal Mail stock opened at GBX 194.48 ($2.56) on Monday. Royal Mail has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 295.50 ($3.89). The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. The company has a market capitalization of $1.94 billion and a price-to-earnings ratio of 6.02. The company’s fifty day moving average price is GBX 220.29 and its two-hundred day moving average price is GBX 215.68.
The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were given a GBX 7.50 ($0.10) dividend. The ex-dividend date was Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s payout ratio is 0.74%.
In other news, insider Rico Back bought 300,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders bought a total of 300,128 shares of company stock valued at $70,229,880 over the last three months.
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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