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Royal Mail (LON:RMG – Get Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 240 ($2.94) to GBX 222 ($2.72) in a research report sent to investors on Thursday, MarketBeat reports. They currently have a sell rating on the stock.
RMG has been the subject of several other reports. Barclays reiterated an overweight rating and set a GBX 320 ($3.92) target price on shares of Royal Mail in a research note on Thursday, July 21st. Berenberg Bank reduced their target price on Royal Mail from GBX 575 ($7.05) to GBX 480 ($5.88) and set a buy rating for the company in a research note on Thursday, July 21st. JPMorgan Chase & Co. reduced their target price on Royal Mail from GBX 632 ($7.74) to GBX 360 ($4.41) and set an overweight rating for the company in a research note on Thursday, July 21st. Finally, Citigroup restated a buy rating and issued a GBX 410 ($5.02) price target on shares of Royal Mail in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of GBX 424.63 ($5.20).
Royal Mail Stock Performance
Shares of LON RMG opened at GBX 279.90 ($3.43) on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.02 and a debt-to-equity ratio of 41.49. Royal Mail has a 12 month low of GBX 257.43 ($3.15) and a 12 month high of GBX 531.40 ($6.51). The stock has a 50 day moving average of GBX 282.06 and a 200-day moving average of GBX 338.06. The company has a market capitalization of £2.68 billion and a P/E ratio of 458.85.
Royal Mail Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, September 6th. Investors of record on Thursday, July 28th will be given a dividend of GBX 13.30 ($0.16) per share. This represents a yield of 3.88%. This is a positive change from Royal Mail’s previous dividend of $6.70. The ex-dividend date of this dividend is Thursday, July 28th. Royal Mail’s dividend payout ratio (DPR) is currently 27.38%.
Royal Mail Company Profile
(Get Rating)
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
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