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Barclays reaffirmed their overweight rating on shares of Royal Mail (LON:RMG) in a research report report published on Friday, January 10th, Stock Target Advisor reports.
A number of other brokerages have also commented on RMG. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research report on Friday, January 10th. Liberum Capital reiterated a sell rating on shares of Royal Mail in a research report on Tuesday, January 7th. Royal Bank of Canada decreased their price objective on 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. Finally, Goldman Sachs Group reduced their price target on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating on the stock in a research report on Monday, November 25th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Royal Mail has an average rating of Hold and a consensus price target of GBX 211.54 ($2.78).
Shares of RMG traded up GBX 4.60 ($0.06) during mid-day trading on Friday, reaching GBX 202.80 ($2.67). The company had a trading volume of 2,640,330 shares, compared to its average volume of 5,850,000. The company’s 50-day moving average is GBX 224.34 and its 200-day moving average is GBX 216.05. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 308.50 ($4.06). The company has a market capitalization of $2.04 billion and a P/E ratio of 6.28. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.
The business also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were given a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 3.78%. The ex-dividend date was Thursday, December 5th. Royal Mail’s dividend payout ratio is currently 0.74%.
In related news, insider Rico Back bought 300,000 shares of the 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, with a total value of £702,000 ($923,441.20). In the last ninety days, insiders purchased 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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