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Royal Mail (LON:RMG) had its target price decreased by Liberum Capital from GBX 185 ($2.43) to GBX 175 ($2.30) in a research report report published on Wednesday, November 27th, ThisIsMoney.Co.Uk reports. Liberum Capital currently has a sell rating on the stock.
Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped 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 research note 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 research note on Wednesday, October 9th. Deutsche Bank reissued a sell rating and set a GBX 150 ($1.97) price objective on shares of Royal Mail in a report on Friday, November 22nd. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Goldman Sachs Group cut 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. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 211.54 ($2.78).
Royal Mail stock traded up GBX 3 ($0.04) during midday trading on Wednesday, reaching GBX 238.10 ($3.13). The company’s stock had a trading volume of 8,618,981 shares, compared to its average volume of 5,850,000. The stock has a market cap of $2.38 billion and a PE ratio of 7.37. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The business has a 50-day moving average price of GBX 221.58 and a 200-day moving average price of GBX 212.80. 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 business also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a GBX 7.50 ($0.10) dividend. This represents a yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s payout ratio is presently 0.74%.
In other news, insider Rico Back purchased 300,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have acquired a total of 300,083 shares of company stock valued at $70,219,890 in the last three months.
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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