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Royal Mail (LON:RMG) had its price target decreased by JPMorgan Chase & Co. from GBX 192 ($2.51) to GBX 159 ($2.08) in a research report report published on Friday, November 22nd, Stock Target Advisor reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.
A number of other brokerages have also weighed in on RMG. Royal Bank of Canada decreased their price objective on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. Goldman Sachs Group cut their target price on shares of Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a buy rating for the company in a research report on Monday, October 28th. Deutsche Bank reaffirmed a sell rating and issued a GBX 150 ($1.96) target price on shares of Royal Mail in a research report on Friday, November 22nd. Barclays reaffirmed an overweight rating on shares of Royal Mail in a research report on Monday, October 14th. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Five 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 company’s stock. Royal Mail currently has a consensus rating of Hold and a consensus target price of GBX 212.15 ($2.77).
RMG traded down GBX 9.20 ($0.12) on Friday, hitting GBX 208.50 ($2.72). The company had a trading volume of 5,541,566 shares, compared to its average volume of 5,850,000. The stock has a fifty day simple moving average of GBX 217.65 and a 200-day simple moving average of GBX 213.16. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 347.50 ($4.54). The firm has a market capitalization of $2.09 billion and a P/E ratio of 6.46. 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 firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio is currently 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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