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Liberum Capital restated their sell rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Monday, December 16th, ThisIsMoney.Co.Uk reports.
RMG has been the subject of several other research reports. Royal Bank of Canada reduced their target price on shares of 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. JPMorgan Chase & Co. cut their price objective on shares of 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. Sanford C. Bernstein downgraded shares of Royal Mail to a market perform rating and cut their price objective for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Goldman Sachs Group cut their price objective on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating for the company in a report on Monday, November 25th. Finally, Societe Generale cut their price objective on shares of 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 issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
Shares of RMG stock traded down GBX 5.60 ($0.07) during midday trading on Monday, hitting GBX 226.30 ($2.98). 2,129,542 shares of the company were exchanged, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.26 billion and a P/E ratio of 7.01. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The firm’s 50 day moving average price is GBX 225 and its two-hundred day moving average price is GBX 214.82. Royal Mail has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 308.50 ($4.06).
The company also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio (DPR) is presently 0.74%.
In other news, insider Rico Back purchased 300,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). In the last ninety days, insiders have bought 300,083 shares of company stock valued at $70,219,890.
Royal Mail Company Profile
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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