Related Articles
Royal Mail (LON:RMG) had its price objective cut by Liberum Capital from GBX 185 ($2.42) to GBX 175 ($2.29) in a research report report published on Wednesday, November 27th, ThisIsMoney.Co.Uk reports. They currently have a sell rating on the stock.
Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating for the company in a report on Friday, November 22nd. Barclays restated an overweight rating and issued a GBX 250 ($3.27) price objective on shares of Royal Mail in a report on Thursday, November 21st. Deutsche Bank restated a sell rating and set a GBX 150 ($1.96) price target on shares of Royal Mail in a research note on Friday, November 22nd. Royal Bank of Canada decreased their target price on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a research note on Wednesday, October 9th. Finally, Goldman Sachs Group reduced their price target on shares of Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating on the stock in a research report on Monday, November 25th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 211.54 ($2.76).
LON RMG opened at GBX 214.45 ($2.80) on Wednesday. Royal Mail has a 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 315.70 ($4.13). 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 stock’s 50 day simple moving average is GBX 217.55 and its 200-day simple moving average is GBX 212.28. The company has a market cap of $2.14 billion and a PE ratio of 6.64.
The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.
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.
Read More: What is diluted earnings per share (Diluted EPS)?
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
