Royal Mail (LON:RMG) Rating Lowered to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of Royal Mail (LON:RMG) to a market perform rating in a report published on Friday, November 29th, ThisIsMoney.Co.Uk reports. They currently have GBX 225 ($2.96) target price on the stock, down from their prior target price of GBX 250 ($3.29).

A number of other brokerages have also recently issued reports on RMG. Deutsche Bank restated a sell rating and set a GBX 150 ($1.97) target price on shares of Royal Mail in a report on Friday, November 22nd. JPMorgan Chase & Co. cut their price target on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating on the stock in a research note on Friday, November 22nd. Goldman Sachs Group dropped their price objective on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating on the stock in a report on Monday, November 25th. Barclays reaffirmed an overweight rating and set a GBX 250 ($3.29) price objective on shares of Royal Mail in a research report on Thursday, November 21st. Finally, Liberum Capital dropped their target price on Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a sell rating on the stock in a research report on Wednesday, November 27th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 211.54 ($2.78).

Shares of RMG stock traded up GBX 3 ($0.04) on Friday, reaching GBX 238.10 ($3.13). 8,618,981 shares of the stock were exchanged, compared to its average volume of 5,850,000. The stock has a 50 day moving average price of GBX 221.58 and a 200 day moving average price of GBX 212.80. The stock has a market cap of $2.38 billion and a PE ratio of 7.37. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. Royal Mail has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 308.50 ($4.06).

The firm also recently disclosed 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 is Thursday, December 5th. Royal Mail’s dividend payout ratio is currently 0.74%.

In related news, insider Rico Back acquired 300,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). In the last 90 days, insiders have acquired 300,083 shares of company stock worth $70,219,890.

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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