Royal Mail (RMG) – Analysts’ Recent Ratings Updates

Royal Mail (LON: RMG) recently received a number of ratings updates from brokerages and research firms:

• 6/20/2019 – Royal Mail had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 240 ($3.14) price target on the stock.
• 6/14/2019 – Royal Mail was upgraded by analysts at Societe Generale to a “hold” rating. They now have a GBX 208 ($2.72) price target on the stock, down previously from GBX 235 ($3.07).
• 6/10/2019 – Royal Mail had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
• 6/7/2019 – Royal Mail was downgraded by analysts at HSBC Holdings plc to a “hold” rating. They now have a GBX 216 ($2.82) price target on the stock, down previously from GBX 300 ($3.92).
• 6/4/2019 – Royal Mail had its price target lowered by analysts at Deutsche Bank AG from GBX 180 ($2.35) to GBX 150 ($1.96). They now have a “sell” rating on the stock.
• 6/4/2019 – Royal Mail was upgraded by analysts at JPMorgan Chase & Co. to a “neutral” rating. They now have a GBX 252 ($3.29) price target on the stock, up previously from GBX 241 ($3.15).
• 6/3/2019 – Royal Mail had its price target lowered by analysts at Jefferies Financial Group Inc from GBX 220 ($2.87) to GBX 170 ($2.22). They now have an “underperform” rating on the stock.
• 5/29/2019 – Royal Mail had its price target lowered by analysts at Credit Suisse Group AG from GBX 238 ($3.11) to GBX 183 ($2.39). They now have an “underperform” rating on the stock.
• 5/24/2019 – Royal Mail was upgraded by analysts at Liberum Capital to a “hold” rating. They now have a GBX 185 ($2.42) price target on the stock, down previously from GBX 240 ($3.14).
• 5/24/2019 – Royal Mail was upgraded by analysts at Goldman Sachs Group Inc to a “buy” rating. They now have a GBX 320 ($4.18) price target on the stock, down previously from GBX 360 ($4.70).
• 5/22/2019 – Royal Mail had its “sell” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 240 ($3.14) price target on the stock.
• 5/22/2019 – Royal Mail had its price target lowered by analysts at Barclays PLC from GBX 410 ($5.36) to GBX 250 ($3.27). They now have an “overweight” rating on the stock.
• 5/22/2019 – Royal Mail had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 240 ($3.14) price target on the stock.
• 5/15/2019 – Royal Mail had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co..

Shares of RMG traded down GBX 9.60 ($0.13) during trading hours on Tuesday, hitting GBX 196.70 ($2.57). The company had a trading volume of 14,532,749 shares, compared to its average volume of 5,850,000. The firm has a market cap of $1.97 billion and a price-to-earnings ratio of 11.24. The company’s 50 day moving average is GBX 213.85. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. Royal Mail PLC has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 511.80 ($6.69).

The business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s payout ratio is currently 1.43%.

In related news, insider Rico Back acquired 51,702 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last quarter, insiders bought 251,794 shares of company stock worth $51,708,848.

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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