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Deutsche Bank reaffirmed their sell rating on shares of Royal Mail (LON:RMG) in a report released on Friday, January 10th, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently issued reports on RMG. Societe Generale cut their target price on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating for the company in a research note on Wednesday, December 4th. Liberum Capital restated a sell rating on shares of Royal Mail in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating for the company in a research note on Friday, November 22nd. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price objective on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 211.54 ($2.78).
Royal Mail stock traded down GBX 6.30 ($0.08) during mid-day trading on Friday, reaching GBX 198.20 ($2.61). The company’s stock had a trading volume of 3,016,672 shares, compared to its average volume of 5,850,000. The company has a market capitalization of $1.98 billion and a price-to-earnings ratio of 6.14. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06). The business’s 50 day simple moving average is GBX 224.72 and its 200 day simple moving average is GBX 216.09. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76.
The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were issued a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 3.78%. The ex-dividend date was Thursday, December 5th. Royal Mail’s payout ratio is 0.74%.
In other Royal Mail news, insider Rico Back bought 300,000 shares of Royal Mail stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have acquired a total of 300,128 shares of company stock worth $70,229,880 over the last three months.
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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