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Deutsche Bank restated their sell rating on shares of Royal Mail (LON:RMG) in a research report released on Friday, December 6th, ThisIsMoney.Co.Uk reports.
RMG has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating for the company in a report on Friday, November 22nd. Royal Bank of Canada dropped 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 note on Wednesday, October 9th. Liberum Capital cut their price objective on shares of Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a sell rating for the company in a report on Wednesday, November 27th. Sanford C. Bernstein lowered shares of Royal Mail to a market perform rating and decreased their target price for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Finally, Goldman Sachs Group cut 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 note on Monday, November 25th. Five 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. The company presently has an average rating of Hold and an average price target of GBX 211.54 ($2.78).
Shares of RMG stock opened at GBX 232.20 ($3.05) on Friday. 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 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 315.70 ($4.15). The company has a market capitalization of $2.34 billion and a P/E ratio of 7.19. The stock has a 50 day moving average of GBX 218.05 and a two-hundred day moving average of GBX 211.77.
The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be given a GBX 7.50 ($0.10) dividend. This represents a yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s payout ratio is presently 0.74%.
About Royal Mail
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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