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Deutsche Bank reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research note released on Friday, ThisIsMoney.Co.Uk reports.
Several other brokerages have also commented on RMG. Royal Bank of Canada dropped their price objective on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a report on Wednesday, October 9th. Goldman Sachs Group reduced their target price on Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating for the company in a research note on Monday, November 25th. JPMorgan Chase & Co. decreased their target price on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating on the stock in a research report on Friday, November 22nd. Sanford C. Bernstein cut shares of Royal Mail to a market perform rating and dropped their price target for the company from GBX 250 ($3.27) to GBX 225 ($2.94) in a research note on Friday, November 29th. Finally, Liberum Capital cut their price target on shares of Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a sell rating for the company in a 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. Royal Mail has a consensus rating of Hold and an average target price of GBX 211.54 ($2.76).
LON RMG traded up GBX 4.80 ($0.06) during trading hours on Friday, reaching GBX 218.50 ($2.86). The company’s stock had a trading volume of 3,494,047 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.19 billion and a price-to-earnings ratio of 6.76. The company’s 50-day moving average is GBX 217.59 and its two-hundred day moving average is GBX 212.17. 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 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 315.70 ($4.13).
The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is currently 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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