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Berenberg Bank reaffirmed their hold rating on shares of Royal Mail (LON:RMG) in a report released on Friday, January 17th, Digital Look reports. The firm currently has a GBX 240 ($3.16) target price on the stock.
Several other equities research analysts have also commented on RMG. Royal Bank of Canada dropped their price target on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating on the stock in a research note on Wednesday, October 9th. Liberum Capital restated a sell rating on shares of Royal Mail in a research note on Tuesday, January 7th. Deutsche Bank restated a sell rating on shares of Royal Mail in a research note on Friday, January 10th. Goldman Sachs Group dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. decreased 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. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Royal Mail has a consensus rating of Hold and a consensus price target of GBX 211.54 ($2.78).
RMG opened at GBX 190.90 ($2.51) on Friday. The firm has a market cap of $1.94 billion and a price-to-earnings ratio of 5.91. Royal Mail has a fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 295.50 ($3.89). The company’s 50-day moving average price is GBX 220.29 and its 200 day moving average price is GBX 215.68. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 3.78%. The ex-dividend date of this dividend was Thursday, December 5th. Royal Mail’s payout ratio is 0.74%.
In other Royal Mail news, insider Rico Back bought 300,000 shares of Royal Mail stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have purchased 300,128 shares of company stock valued at $70,229,880 over the last 90 days.
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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