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Deutsche Bank restated their sell rating on shares of Royal Mail (LON:RMG) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently weighed in on RMG. Berenberg Bank upgraded shares of Royal Mail to a hold rating and decreased their price target for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a research note on Monday, April 1st. Liberum Capital restated a sell rating on shares of Royal Mail in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. restated an underweight rating on shares of Royal Mail in a research note on Wednesday, May 15th. Barclays reduced their target price on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating on the stock in a research note on Wednesday, May 22nd. Finally, Goldman Sachs Group upgraded shares of Royal Mail to a buy rating and reduced their target price for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research note on Friday, May 24th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 250.46 ($3.27).
RMG opened at GBX 211.90 ($2.77) on Friday. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 511.80 ($6.69). 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 business’s fifty day simple moving average is GBX 211.82. The firm has a market capitalization of $2.12 billion and a P/E ratio of 12.11.
The company also recently announced a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. This represents a dividend yield of 7.43%. The ex-dividend date is Thursday, July 25th. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s payout ratio is currently 1.43%.
In other news, insider Rico Back bought 200,000 shares of Royal Mail stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders bought a total of 251,794 shares of company stock worth $51,708,848 in the last 90 days.
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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