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Deutsche Bank restated their sell rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Friday, January 10th, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the company. 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 for the company in a report on Wednesday, October 9th. Credit Suisse Group restated an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Sanford C. Bernstein cut Royal Mail to a market perform rating and decreased their price objective for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Liberum Capital restated a sell rating on shares of Royal Mail in a report on Tuesday, January 7th. Finally, Barclays restated an overweight rating and issued a GBX 250 ($3.29) price objective on shares of Royal Mail in a report on Thursday, November 21st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 211.54 ($2.78).
RMG stock opened at GBX 203.10 ($2.67) on Friday. The stock has a 50-day moving average price of GBX 225.74 and a two-hundred day moving average price of GBX 216.24. The stock has a market cap of $2.03 billion and a PE ratio of 6.29. 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 business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date was Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is presently 0.74%.
In related news, insider Rico Back acquired 300,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was purchased 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 valued at $70,229,880 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.
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