Related Articles
Liberum Capital reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research report report published on Friday, December 6th, ThisIsMoney.Co.Uk reports.
Other equities research analysts also recently issued reports about the company. Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a report on Friday, December 6th. JPMorgan Chase & Co. decreased 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. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Barclays reaffirmed an overweight rating and set a GBX 250 ($3.29) price objective on shares of Royal Mail in a report on Thursday, November 21st. Finally, Sanford C. Bernstein downgraded 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. Five 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. Royal Mail has an average rating of Hold and a consensus target price of GBX 211.54 ($2.78).
LON RMG opened at GBX 234.20 ($3.08) on Friday. Royal Mail has a fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 308.50 ($4.06). The firm has a market cap of $2.34 billion and a P/E ratio of 7.25. The stock’s 50-day moving average is GBX 224.15 and its two-hundred day moving average is GBX 213.89. 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 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.
In related news, insider Rico Back purchased 300,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last three months, insiders acquired 300,083 shares of company stock worth $70,219,890.
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.
Further Reading: Guidelines for Successful Channel Trading
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
