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Barclays reiterated their overweight rating on shares of Royal Mail (LON:RMG) in a research report report published on Friday, January 10th, Stock Target Advisor reports.
A number of other research firms also recently issued reports on RMG. Sanford C. Bernstein downgraded shares of Royal Mail to a market perform rating and reduced their price target for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Royal Bank of Canada reduced 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. JPMorgan Chase & Co. reduced their price target 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 note on Friday, November 22nd. Goldman Sachs Group reduced 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, Liberum Capital reaffirmed a sell rating on shares of Royal Mail in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a sell rating, seven have assigned 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 an average price target of GBX 211.54 ($2.78).
LON:RMG opened at GBX 213.20 ($2.80) on Friday. The company’s 50-day moving average is GBX 226.33 and its two-hundred day moving average is GBX 216.22. The firm has a market capitalization of $2.13 billion and a price-to-earnings ratio of 6.60. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 308.50 ($4.06). The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.
The business also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were issued a GBX 7.50 ($0.10) dividend. This represents a dividend 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 purchased 300,000 shares of the firm’s stock in a transaction that occurred 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). In the last quarter, insiders have purchased 300,128 shares of company stock valued at $70,229,880.
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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