Royal Mail’s (RMG) “Overweight” Rating Reiterated at Barclays

Barclays reiterated their overweight rating on shares of Royal Mail (LON:RMG) in a report released on Thursday morning, Digital Look reports. The brokerage currently has a GBX 250 ($3.27) price objective on the stock.

Several other research firms also recently weighed in on RMG. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Goldman Sachs Group decreased their price objective on Royal Mail from GBX 320 ($4.18) to GBX 310 ($4.05) and set a buy rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating for the company in a report on Friday. Deutsche Bank reissued a sell rating and issued a GBX 150 ($1.96) price objective on shares of Royal Mail in a report on Friday. Finally, Liberum Capital reissued a sell rating on shares of Royal Mail in a report on Thursday. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 212.75 ($2.78).

RMG stock opened at GBX 199.90 ($2.61) on Thursday. The company has a market capitalization of $2.01 billion and a P/E ratio of 11.42. Royal Mail has a twelve month low of GBX 186.80 ($2.44) and a twelve month high of GBX 347.50 ($4.54). The business has a 50 day simple moving average of GBX 216.66 and a 200-day simple moving average of GBX 214.68. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04.

The business also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio is presently 1.43%.

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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