Royal Mail (LON:RMG) Price Target Cut to GBX 200 by Analysts at Societe Generale

Royal Mail (LON:RMG) had its price objective reduced by Societe Generale from GBX 208 ($2.72) to GBX 200 ($2.61) in a research note issued to investors on Wednesday morning, Stock Target Advisor reports. They currently have a hold rating on the stock.

Several other equities analysts also recently weighed in on the company. Goldman Sachs Group dropped their price objective on Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating for the company in a research note on Monday, November 25th. Deutsche Bank reiterated a sell rating and set a GBX 150 ($1.96) target price on shares of Royal Mail in a research report on Friday, November 22nd. Liberum Capital lowered their target price on Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a sell rating on the stock in a report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their price target on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating for the company in a research report on Friday, November 22nd. Finally, Sanford C. Bernstein cut Royal Mail to a market perform rating and dropped their price target for the company from GBX 250 ($3.27) to GBX 225 ($2.94) in a research report on Friday, November 29th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Royal Mail currently has an average rating of Hold and a consensus target price of GBX 211.54 ($2.76).

RMG stock traded up GBX 0.60 ($0.01) on Wednesday, hitting GBX 213.60 ($2.79). The company’s stock had a trading volume of 2,661,958 shares, compared to its average volume of 5,850,000. The firm has a 50 day moving average of GBX 217.60 and a two-hundred day moving average of GBX 212.43. 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 stock has a market cap of $2.13 billion and a price-to-earnings ratio of 6.61. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s payout ratio is currently 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.

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