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Berenberg Bank reissued their hold rating on shares of Royal Mail (LON:RMG) in a research report released on Friday, January 17th, Digital Look reports. The brokerage currently has a GBX 240 ($3.16) price objective on the stock.
Several other research firms also recently commented on RMG. Credit Suisse Group restated an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Liberum Capital restated a sell rating on shares of Royal Mail in a research report on Tuesday, January 7th. Sanford C. Bernstein downgraded Royal Mail to a market perform rating and cut their target price for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Deutsche Bank restated a sell rating on shares of Royal Mail in a research report on Friday, January 10th. Finally, Societe Generale cut their price objective on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating for the company in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 204.62 ($2.69).
RMG traded down GBX 3.60 ($0.05) during midday trading on Friday, reaching GBX 190.75 ($2.51). The company’s stock had a trading volume of 4,555,051 shares, compared to its average volume of 5,850,000. The company has a fifty day simple moving average of GBX 220.29 and a 200 day simple moving average of GBX 215.68. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 295.50 ($3.89). The stock has a market cap of $1.90 billion and a P/E ratio of 5.91.
The company also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were issued a GBX 7.50 ($0.10) dividend. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is 0.74%.
In related news, insider Rico Back bought 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Over the last 90 days, insiders bought 300,128 shares of company stock worth $70,229,880.
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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