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Barclays restated their overweight rating on shares of Royal Mail (LON:RMG) in a report released on Friday, January 10th, Stock Target Advisor reports.
Other research analysts have also recently issued reports about the company. Credit Suisse Group restated an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Liberum Capital restated a sell rating on shares of Royal Mail in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price 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. Societe Generale lowered their target price on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating on the stock in a report on Wednesday, December 4th. Finally, Royal Bank of Canada decreased 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 report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
Shares of Royal Mail stock opened at GBX 209.90 ($2.76) on Friday. The stock has a market cap of $2.10 billion and a P/E ratio of 6.50. The stock’s 50 day simple moving average is GBX 226.55 and its 200-day simple moving average is GBX 216.36. 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 company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.
The firm also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a GBX 7.50 ($0.10) dividend. This represents a yield of 3.78%. The ex-dividend date of this dividend was Thursday, December 5th. Royal Mail’s dividend payout ratio is presently 0.74%.
In other news, insider Rico Back purchased 300,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders have acquired 300,128 shares of company stock worth $70,229,880 over the last 90 days.
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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