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Royal Mail (LON:RMG) had its price objective decreased by JPMorgan Chase & Co. from GBX 192 ($2.53) to GBX 159 ($2.09) in a research note issued to investors on Friday, November 22nd, Stock Target Advisor reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.
Several other equities analysts have also weighed in on the stock. Goldman Sachs Group dropped their price objective on shares of Royal Mail from GBX 320 ($4.21) to GBX 310 ($4.08) and set a buy rating on the stock in a report on Monday, October 28th. Barclays reiterated an overweight rating on shares of Royal Mail in a report on Monday, October 14th. Royal Bank of Canada lowered their target price 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 report on Wednesday, October 9th. Liberum Capital restated a sell rating and set a GBX 175 ($2.30) price target (down previously from GBX 185 ($2.43)) on shares of Royal Mail in a research note on Thursday, November 21st. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. 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’s stock. The stock currently has an average rating of Hold and an average price target of GBX 211.54 ($2.78).
Shares of Royal Mail stock traded up GBX 14 ($0.18) on Friday, reaching GBX 250.50 ($3.30). 5,644,624 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. 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 company has a market capitalization of $2.37 billion and a P/E ratio of 7.76. The firm’s 50-day moving average is GBX 218.34 and its two-hundred day moving average is GBX 211.79. Royal Mail has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 308.50 ($4.06).
The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a GBX 7.50 ($0.10) dividend. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s 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.
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