Royal Mail (LON:RMG) Downgraded by Sanford C. Bernstein to “Market Perform”

Sanford C. Bernstein lowered shares of Royal Mail (LON:RMG) to a market perform rating in a research report released on Friday, November 29th, ThisIsMoney.Co.Uk reports. Sanford C. Bernstein currently has GBX 225 ($2.94) price target on the stock, down from their prior price target of GBX 250 ($3.27).

A number of other research firms have also commented on RMG. JPMorgan Chase & Co. reduced their price objective on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating on the stock in a research note on Friday, November 22nd. Royal Bank of Canada reduced their price objective on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a report on Wednesday, October 9th. Liberum Capital cut their price target on Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a sell rating on the stock in a research note on Wednesday, November 27th. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Goldman Sachs Group dropped their price target on shares of Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating for the company in a research note on Monday, November 25th. Five research 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 currently has an average rating of Hold and a consensus target price of GBX 211.54 ($2.76).

Shares of Royal Mail stock opened at GBX 218.50 ($2.86) on Friday. The stock has a market capitalization of $2.19 billion and a P/E ratio of 6.76. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. Royal Mail has a 12-month low of GBX 186.80 ($2.44) and a 12-month high of GBX 315.70 ($4.13). The company has a 50-day simple moving average of GBX 217.59 and a 200 day simple moving average of GBX 212.17.

The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is currently 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.

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