Related Articles
Liberum Capital reissued their sell rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Monday, December 16th, ThisIsMoney.Co.Uk reports.
A number of other research firms also recently commented on RMG. JPMorgan Chase & Co. dropped their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating on the stock in a report on Friday, November 22nd. Deutsche Bank restated a sell rating on shares of Royal Mail in a research note on Thursday, December 12th. Societe Generale reduced their price objective on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating for the company in a research note on Wednesday, December 4th. Royal Bank of Canada lowered their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating on the stock in a research report on Wednesday, October 9th. Finally, Goldman Sachs Group decreased their price target on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating for the company in a research note on Monday, November 25th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Royal Mail presently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
RMG opened at GBX 233.30 ($3.07) on Monday. The stock has a market cap of $2.33 billion and a price-to-earnings ratio of 7.22. 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 1 year low of GBX 186.80 ($2.46) and a 1 year high of GBX 308.50 ($4.06). The stock has a fifty day moving average price of GBX 223.54 and a 200 day moving average price of GBX 213.55.
The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a GBX 7.50 ($0.10) dividend. This represents a yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio (DPR) is presently 0.74%.
In related news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders acquired a total of 300,083 shares of company stock worth $70,219,890 over the last 90 days.
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.
Read More: What is a stock buyback?
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
