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Liberum Capital reissued their sell rating on shares of Royal Mail (LON:RMG) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also issued reports on RMG. Deutsche Bank restated a sell rating on shares of Royal Mail in a report on Friday, January 10th. Sanford C. Bernstein lowered shares of Royal Mail to a market perform rating and dropped their target price for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 148 ($1.95) target price (down previously from GBX 159 ($2.09)) on shares of Royal Mail in a report on Wednesday. Barclays restated an overweight rating on shares of Royal Mail in a report on Friday, January 10th. Finally, Credit Suisse Group restated an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 194.54 ($2.56).
RMG stock traded down GBX 0.10 ($0.00) during midday trading on Thursday, hitting GBX 178.80 ($2.35). The stock had a trading volume of 8,340,077 shares, compared to its average volume of 5,850,000. The firm has a market cap of $1.77 billion and a P/E ratio of 5.54. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 295.50 ($3.89). The business has a fifty day moving average price of GBX 215.73 and a two-hundred day moving average price of GBX 215.02.
The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were issued a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.
In related news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were purchased at an average price of GBX 179 ($2.35) per share, for a total transaction of £537,000 ($706,393.05). Insiders have bought 600,128 shares of company stock worth $123,929,880 in the last quarter.
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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