Related Articles
Deutsche Bank reaffirmed their sell rating on shares of Royal Mail (LON:RMG) in a research report report published on Friday, January 10th, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently weighed in on RMG. Societe Generale reduced their price target on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating on the stock in a research report on Wednesday, December 4th. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Barclays restated an overweight rating and issued a GBX 250 ($3.29) price target on shares of Royal Mail in a report on Thursday, November 21st. Liberum Capital reaffirmed a sell rating on shares of Royal Mail in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating for the company in a research report on Friday, November 22nd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
Shares of LON:RMG traded down GBX 1 ($0.01) during mid-day trading on Friday, reaching GBX 213.20 ($2.80). The stock had a trading volume of 2,742,915 shares, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 308.50 ($4.06). The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The firm has a market cap of $2.13 billion and a PE ratio of 6.60. The firm has a 50 day simple moving average of GBX 226.33 and a two-hundred day simple moving average of GBX 216.22.
The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s payout ratio is presently 0.74%.
In other news, insider Rico Back bought 300,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were 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 three months, insiders purchased 300,128 shares of company stock worth $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.
See Also: How Do I Invest in Dividend Stocks
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
