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Sanford C. Bernstein cut shares of Royal Mail (LON:RMG) to a market perform rating in a research note published on Friday, November 29th, ThisIsMoney.Co.Uk reports. Sanford C. Bernstein currently has GBX 225 ($2.96) price objective on the stock, down from their previous price objective of GBX 250 ($3.29).
Other analysts have also recently issued reports about the company. Royal Bank of Canada reduced their target price on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating on the stock 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 on the stock in a research report on Friday, November 22nd. Deutsche Bank restated a sell rating and set a GBX 150 ($1.97) price target on shares of Royal Mail in a research note on Friday, November 22nd. Barclays reiterated an overweight rating and issued a GBX 250 ($3.29) price objective on shares of Royal Mail in a research note on Thursday, November 21st. Finally, Goldman Sachs Group decreased their target price on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating for the company in a research report on Monday, November 25th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Royal Mail currently has a consensus rating of Hold and an average target price of GBX 211.54 ($2.78).
Shares of LON RMG opened at GBX 221.70 ($2.92) on Friday. The stock has a market cap of $2.22 billion and a P/E ratio of 6.86. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. Royal Mail has a 52-week low of GBX 186.80 ($2.46) and a 52-week high of GBX 315.70 ($4.15). The firm has a 50 day moving average price of GBX 217.58 and a two-hundred day moving average price of GBX 211.90.
The business also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s payout ratio is presently 0.74%.
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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