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Royal Mail (LON:RMG) had its price target trimmed by Liberum Capital from GBX 185 ($2.42) to GBX 175 ($2.29) in a report published on Wednesday, November 27th, ThisIsMoney.Co.Uk reports. The brokerage currently has a sell rating on the stock.
Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a research note on Wednesday, October 9th. Deutsche Bank reissued a sell rating and issued a GBX 150 ($1.96) price objective on shares of Royal Mail in a research report on Friday, November 22nd. Barclays reissued an overweight rating and issued a GBX 250 ($3.27) price objective on shares of Royal Mail in a research note on Thursday, November 21st. Goldman Sachs Group dropped their target price on Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating for the company in a research report on Monday, November 25th. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. 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 company’s stock. Royal Mail has a consensus rating of Hold and an average target price of GBX 211.54 ($2.76).
Shares of LON RMG opened at GBX 218.50 ($2.86) on Wednesday. The stock has a market capitalization of $2.19 billion and a P/E ratio of 6.76. Royal Mail has a 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 315.70 ($4.13). The business’s 50 day moving average is GBX 217.59 and its two-hundred day moving average is GBX 212.17. 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 business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s payout ratio is 0.74%.
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.
Read More: Buy Rating
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