Royal Mail (LON:RMG) Stock Passes Below 200-Day Moving Average of $342.24

Royal Mail plc (LON:RMG – Get Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 342.24 ($4.19) and traded as low as GBX 274.21 ($3.36). Royal Mail shares last traded at GBX 280.50 ($3.44), with a volume of 2,084,648 shares.

Analyst Upgrades and Downgrades

RMG has been the subject of several research analyst reports. Berenberg Bank lowered their price objective on shares of Royal Mail from GBX 575 ($7.05) to GBX 480 ($5.88) and set a “buy” rating for the company in a report on Thursday, July 21st. JPMorgan Chase & Co. decreased their target price on shares of Royal Mail from GBX 632 ($7.74) to GBX 360 ($4.41) and set an “overweight” rating for the company in a research note on Thursday, July 21st. Citigroup reaffirmed a “buy” rating and set a GBX 410 ($5.02) target price on shares of Royal Mail in a research note on Thursday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 240 ($2.94) target price on shares of Royal Mail in a research note on Thursday, July 21st. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 320 ($3.92) target price on shares of Royal Mail in a research note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat, Royal Mail presently has an average rating of “Moderate Buy” and an average price target of GBX 426.88 ($5.23).

Royal Mail Stock Performance

The company has a debt-to-equity ratio of 41.49, a quick ratio of 1.02 and a current ratio of 1.10. The firm has a market cap of £2.68 billion and a P/E ratio of 459.84. The business’s 50-day simple moving average is GBX 283.89 and its 200 day simple moving average is GBX 342.24.

Royal Mail Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Thursday, July 28th will be given a GBX 13.30 ($0.16) dividend. This represents a yield of 3.88%. The ex-dividend date is Thursday, July 28th. This is an increase from Royal Mail’s previous dividend of $6.70. Royal Mail’s payout ratio is 27.38%.

Royal Mail Company Profile

(Get Rating)

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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