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Deutsche Bank reaffirmed their sell rating on shares of Royal Mail (LON:RMG) in a research note published on Friday, June 28th, ThisIsMoney.Co.Uk reports.
Several other research firms also recently weighed in on RMG. Liberum Capital reaffirmed a sell rating on shares of Royal Mail in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Royal Mail in a research note on Wednesday, May 15th. Berenberg Bank raised shares of Royal Mail to a hold rating and decreased their price target for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research note on Monday, April 1st. Barclays decreased their price target on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating for the company in a research note on Wednesday, May 22nd. Finally, Goldman Sachs Group raised shares of Royal Mail to a buy rating and decreased their price target for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research note on Friday, May 24th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Royal Mail presently has a consensus rating of Hold and a consensus price target of GBX 250.46 ($3.27).
Royal Mail stock opened at GBX 213.70 ($2.79) on Friday. The company’s 50 day moving average is GBX 208.23. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 506.80 ($6.62). The company has a market capitalization of $2.14 billion and a P/E ratio of 12.21.
The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be issued a dividend of GBX 17 ($0.22) per share. This represents a yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In other Royal Mail news, insider Rico Back acquired 51,702 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last three months, insiders have purchased 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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