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Deutsche Bank restated their sell rating on shares of Royal Mail (LON:RMG) in a research note published on Friday, June 28th, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently commented on RMG. Berenberg Bank restated a hold rating and set a GBX 240 ($3.14) target price on shares of in a report on Thursday, June 20th. Jefferies Financial Group restated a buy rating and set a GBX 3,000 ($39.20) target price on shares of in a report on Monday, June 3rd. Credit Suisse Group set a €80.00 ($93.02) target price on Siltronic and gave the company a neutral rating in a report on Wednesday, May 29th. Barclays set a $34.00 price objective on DCP Midstream and gave the company a hold rating in a research note on Wednesday, May 22nd. Finally, Liberum Capital reiterated a buy rating and issued a GBX 119 ($1.55) price objective on shares of in a research note on Wednesday, June 26th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Royal Mail currently has a consensus rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of LON:RMG traded down GBX 0.40 ($0.01) during midday trading on Friday, reaching GBX 217.60 ($2.84). 2,957,151 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The stock has a 50 day moving average price of GBX 206.33. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company has a market capitalization of $2.18 billion and a PE ratio of 12.43. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 499.10 ($6.52).
The firm also recently announced a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid a dividend of GBX 17 ($0.22) per share. This is a boost from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 7.43%. Royal Mail’s payout ratio is presently 1.43%.
In other news, insider Rico Back purchased 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last ninety days, insiders have acquired 251,794 shares of company stock worth $51,708,848.
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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