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Berenberg Bank restated their hold rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Friday, Digital Look reports. Berenberg Bank currently has a GBX 240 ($3.16) target price on the stock.
Other analysts have also issued reports about the company. Societe Generale dropped their target price on 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 Royal Mail to a market perform rating and dropped their target price for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. JPMorgan Chase & Co. dropped their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating on the stock in a report on Friday, November 22nd. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price objective on 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. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
Royal Mail stock opened at GBX 209.90 ($2.76) on Friday. The firm has a market cap of $2.10 billion and a price-to-earnings ratio of 6.50. 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 business’s 50-day moving average price is GBX 226.55 and its 200 day moving average price is GBX 216.36. 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 disclosed 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. This represents a yield of 3.78%. The ex-dividend date was Thursday, December 5th. Royal Mail’s payout ratio is currently 0.74%.
In other Royal Mail news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last three months, 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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