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JPMorgan Chase & Co. reiterated their underweight rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Monday, January 20th, Digital Look reports.
Several other brokerages have also recently weighed in on RMG. 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. Societe Generale decreased their price target on 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. Deutsche Bank reissued a sell rating on shares of Royal Mail in a research note on Friday, January 10th. Royal Bank of Canada decreased their price target on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a research note on Wednesday, October 9th. Finally, Barclays reissued an overweight rating on shares of Royal Mail in a research note on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 211.54 ($2.78).
Royal Mail stock opened at GBX 203 ($2.67) on Monday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The company has a market capitalization of $2.03 billion and a PE ratio of 6.28. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06). The stock has a 50-day moving average price of GBX 224.34 and a two-hundred day moving average price of GBX 216.05.
The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.
In other Royal Mail news, insider Rico Back bought 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have purchased 300,128 shares of company stock valued at $70,229,880 in the last ninety 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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