Related Articles
Royal Mail (LON:RMG) had its target price lowered by Liberum Capital from GBX 185 ($2.43) to GBX 175 ($2.30) in a report published on Wednesday, November 27th, ThisIsMoney.Co.Uk reports. The brokerage currently has a sell rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Royal Bank of Canada decreased 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 research note on Wednesday, October 9th. Barclays reissued an overweight rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a report on Thursday, November 21st. Goldman Sachs Group dropped their price target on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating for the company in a research report on Monday, November 25th. Finally, Deutsche Bank reaffirmed a sell rating and issued a GBX 150 ($1.97) target price on shares of Royal Mail in a report on Friday, November 22nd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Royal Mail presently has a consensus rating of Hold and a consensus price target of GBX 211.54 ($2.78).
RMG stock traded up GBX 1.20 ($0.02) during trading on Wednesday, reaching GBX 228.60 ($3.01). The stock had a trading volume of 6,044,099 shares, compared to its average volume of 5,850,000. 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 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 315.70 ($4.15). The firm has a market cap of $2.29 billion and a PE ratio of 7.08. The stock’s 50 day moving average is GBX 217.72 and its two-hundred day moving average is GBX 211.85.
The company also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s dividend payout ratio is presently 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.
See Also: How to Invest in Growth Stocks
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
