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Royal Mail (LON:RMG) had its price objective reduced by Goldman Sachs Group from GBX 320 ($4.18) to GBX 310 ($4.05) in a research report sent to investors on Monday, October 28th, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Other analysts also recently issued research reports about the stock. Jefferies Financial Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, July 11th. Liberum Capital downgraded shares of Royal Mail to a sell rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Royal Mail in a report on Wednesday, October 16th. Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a report on Friday, July 12th. Finally, Royal Bank of Canada cut their price target on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus 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 midday trading on Monday, hitting GBX 199.90 ($2.61). 9,485,101 shares of the company were exchanged, compared to its average volume of 5,850,000. 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 firm has a market capitalization of $2.01 billion and a P/E ratio of 11.42. 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 firm’s 50 day moving average price is GBX 216.73 and its two-hundred day moving average price is GBX 214.95.
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 GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is currently 1.43%.
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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