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Royal Mail (LON:RMG) had its price objective cut by Liberum Capital from GBX 185 ($2.42) to GBX 175 ($2.29) in a report released on Wednesday, November 27th, ThisIsMoney.Co.Uk reports. They currently have a sell rating on the stock.
A number of other research analysts have also issued reports on the stock. Barclays reiterated an overweight rating and set a GBX 250 ($3.27) price target on shares of Royal Mail in a research note on Thursday, November 21st. Deutsche Bank reiterated a sell rating and issued a GBX 150 ($1.96) price target on shares of Royal Mail in a report on Friday, November 22nd. Goldman Sachs Group lowered their target price on Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating on the stock in a report on Monday, November 25th. Royal Bank of Canada decreased their price objective on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a research report on Wednesday, October 9th. Finally, Credit Suisse Group restated an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 212.15 ($2.77).
RMG opened at GBX 215.30 ($2.81) on Wednesday. The stock has a market capitalization of $2.15 billion and a P/E ratio of 6.67. Royal Mail has a one year low of GBX 186.80 ($2.44) and a one year high of GBX 347.50 ($4.54). The business’s 50-day simple moving average is GBX 217.45 and its 200-day simple moving average is GBX 212.55. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76.
The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a GBX 7.50 ($0.10) dividend. This represents a yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio (DPR) is 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.
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