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Deutsche Bank restated their sell rating on shares of Royal Mail (LON:RMG) in a report issued on Friday, December 6th, ThisIsMoney.Co.Uk reports.
A number of other analysts also recently issued reports on the company. Societe Generale cut their price objective on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating for the company in a research report on Wednesday, December 4th. Liberum Capital cut their price objective on Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a sell rating for the company in a research report on Wednesday, November 27th. Goldman Sachs Group cut their price objective 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. Sanford C. Bernstein downgraded Royal Mail to a market perform rating and dropped their target price for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 211.54 ($2.78).
LON RMG opened at GBX 243.80 ($3.21) on Friday. The business’s fifty day simple moving average is GBX 219.74 and its 200-day simple moving average is GBX 212.25. 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 has a market cap of $2.44 billion and a PE ratio of 7.55. 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 firm also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be 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 is Thursday, December 5th. Royal Mail’s dividend 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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