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Deutsche Bank reissued their sell rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their price target on 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 target price on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating for the company in a report on Monday, November 25th. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Sanford C. Bernstein downgraded Royal Mail to a market perform rating and cut their price objective for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Finally, Royal Bank of Canada cut their target price on shares of 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. Five equities 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 stock. Royal Mail currently has a consensus rating of Hold and a consensus price target of GBX 211.54 ($2.78).
Shares of Royal Mail stock opened at GBX 222.80 ($2.93) on Friday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The company has a market cap of $2.22 billion and a PE ratio of 6.90. The company has a 50 day moving average of GBX 217.58 and a 200-day moving average of GBX 211.90. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 315.70 ($4.15).
The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given 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 (DPR) 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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