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JPMorgan Chase & Co. reissued their underweight rating on shares of Royal Mail (LON:RMG) in a research note released on Monday, January 20th, Digital Look reports.
RMG has been the topic of several other reports. Credit Suisse Group restated an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Societe Generale cut their price objective 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 report on Wednesday, December 4th. Sanford C. Bernstein lowered shares of Royal Mail to a market perform rating and cut their price objective for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Royal Bank of Canada cut their price objective 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 report on Wednesday, October 9th. Finally, Barclays restated an overweight rating on shares of Royal Mail in a report on Friday, January 10th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 204.62 ($2.69).
LON RMG traded down GBX 3.60 ($0.05) during trading hours on Monday, hitting GBX 190.75 ($2.51). The company’s stock had a trading volume of 5,161,816 shares, compared to its average volume of 5,850,000. The stock has a fifty day moving average of GBX 219.10 and a 200 day moving average of GBX 215.55. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 295.50 ($3.89). The firm has a market capitalization of $1.91 billion and a P/E ratio of 5.91. 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 company also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were issued a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is presently 0.74%.
In related news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Over the last quarter, insiders acquired 300,128 shares of company stock worth $70,229,880.
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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