Royal Mail (LON:RMG) Receives Buy Rating from Goldman Sachs Group

Goldman Sachs Group reissued their buy rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Monday, June 10th, ThisIsMoney.Co.Uk reports.

RMG has been the topic of several other research reports. Liberum Capital raised shares of Royal Mail to a hold rating and lowered their target price for the stock from GBX 240 ($3.14) to GBX 185 ($2.42) in a report on Friday, May 24th. Berenberg Bank reiterated a hold rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Wednesday, May 22nd. HSBC cut shares of Royal Mail to a hold rating and cut their price objective for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of Royal Mail to a neutral rating and boosted their price objective for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. Finally, UBS Group restated a neutral rating and issued a GBX 282 ($3.68) price target (down from GBX 354 ($4.63)) on shares of Royal Mail in a report on Monday, February 11th. Four 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 stock presently has a consensus rating of Hold and a consensus price target of GBX 250.46 ($3.27).

LON RMG traded up GBX 11.80 ($0.15) during trading hours on Monday, hitting GBX 212.10 ($2.77). 10,367,007 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The stock has a fifty day simple moving average of GBX 213.01. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 12.12. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 511.80 ($6.69).

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio is 1.43%.

In other Royal Mail news, insider Rico Back acquired 200,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Over the last ninety days, insiders purchased 251,794 shares of company stock valued at $51,708,848.

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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