Royal Mail (LON:RMG) Reaches New 1-Year Low at $268.20

Royal Mail plc (LON:RMG – Get Rating)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 268.20 ($3.26) and last traded at GBX 273.20 ($3.32), with a volume of 3818060 shares changing hands. The stock had previously closed at GBX 279.10 ($3.39).

RMG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Royal Mail from GBX 275 ($3.34) to GBX 240 ($2.91) and set a “sell” rating on the stock in a report on Thursday, May 19th. Citigroup restated a “buy” rating and issued a GBX 790 ($9.59) price target on shares of Royal Mail in a report on Thursday, May 12th. Berenberg Bank lowered their price target on shares of Royal Mail from GBX 650 ($7.89) to GBX 575 ($6.98) and set a “buy” rating on the stock in a report on Thursday, May 19th. JPMorgan Chase & Co. lowered their price target on shares of Royal Mail from GBX 702 ($8.52) to GBX 632 ($7.67) and set an “overweight” rating on the stock in a report on Monday, May 23rd. Finally, Liberum Capital cut shares of Royal Mail to a “sell” rating and lowered their price target for the company from GBX 470 ($5.70) to GBX 355 ($4.31) in a report on Wednesday, March 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Royal Mail has a consensus rating of “Hold” and a consensus price target of GBX 543.22 ($6.59).

The company has a current ratio of 1.10, a quick ratio of 1.06 and a debt-to-equity ratio of 41.49. The company has a market capitalization of £2.63 billion and a PE ratio of 4.45. The business’s 50-day simple moving average is GBX 325.10 and its 200-day simple moving average is GBX 398.80.

The firm also recently declared a dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Thursday, July 28th will be given a dividend of GBX 13.30 ($0.16) per share. The ex-dividend date of this dividend is Thursday, July 28th. This is a positive change from Royal Mail’s previous dividend of $6.70. This represents a yield of 3.88%. Royal Mail’s dividend payout ratio (DPR) is currently 0.27%.

Royal Mail Company Profile (LON:RMG)

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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