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Liberum Capital reaffirmed their sell rating on shares of Royal Mail (LON:RMG) in a research report released on Thursday morning, Stock Target Advisor reports.
RMG has been the subject of several other reports. JPMorgan Chase & Co. lowered Royal Mail to an underweight rating and lowered their price objective for the stock from GBX 252 ($3.29) to GBX 192 ($2.51) in a research report on Tuesday, October 29th. Barclays restated an overweight rating on shares of Royal Mail in a research note on Monday, October 14th. Credit Suisse Group restated an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Royal Bank of Canada reduced their target price on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a research note on Wednesday, October 9th. Finally, Goldman Sachs Group reduced their target price on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a buy rating for the company in a research note on Monday, October 28th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Royal Mail presently has an average rating of Hold and an average target price of GBX 212.75 ($2.78).
Shares of RMG stock traded up GBX 1.45 ($0.02) during mid-day trading on Thursday, hitting GBX 199.90 ($2.61). The company’s stock had a trading volume of 9,485,101 shares, compared to its average volume of 5,850,000. The company’s fifty day simple moving average is GBX 216.73 and its 200-day simple moving average is GBX 214.95. 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 company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market cap of $2.01 billion and a PE ratio of 11.42.
The company also recently announced 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. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is presently 1.43%.
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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