Royal Mail (LON:RMG) Reaches New 12-Month Low After Analyst Downgrade

Royal Mail plc (LON:RMG – Get Rating) hit a new 52-week low during mid-day trading on Thursday after Barclays lowered their price target on the stock from GBX 400 to GBX 320. Barclays currently has an overweight rating on the stock. Royal Mail traded as low as GBX 257.70 ($3.16) and last traded at GBX 259.44 ($3.18), with a volume of 571855 shares traded. The stock had previously closed at GBX 268.30 ($3.29).

RMG has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 240 ($2.94) target price on shares of Royal Mail in a research report on Thursday, June 23rd. Citigroup reiterated a “buy” rating and issued a GBX 790 ($9.69) price target on shares of Royal Mail in a research report on Thursday, May 12th. Berenberg Bank cut their price target on shares of Royal Mail from GBX 650 ($7.97) to GBX 575 ($7.05) and set a “buy” rating on the stock in a research report on Thursday, May 19th. Liberum Capital downgraded shares of Royal Mail to a “sell” rating and cut their price target for the company from GBX 470 ($5.77) to GBX 355 ($4.36) in a research report on Wednesday, March 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Royal Mail from GBX 702 ($8.61) to GBX 632 ($7.75) and set an “overweight” rating on the stock in a research report on Monday, May 23rd. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 520.25 ($6.38).

The company has a market capitalization of £2.47 billion and a P/E ratio of 4.37. The firm’s 50 day moving average price is GBX 313.50 and its two-hundred day moving average price is GBX 382.98. 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 firm also recently declared a dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Thursday, July 28th will be paid a dividend of GBX 13.30 ($0.16) per share. This is a boost from Royal Mail’s previous dividend of $6.70. This represents a dividend yield of 3.88%. The ex-dividend date is Thursday, July 28th. Royal Mail’s dividend payout ratio (DPR) is currently 0.27%.

About Royal Mail (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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