Related Articles
Deutsche Bank reissued their sell rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Friday, December 6th, ThisIsMoney.Co.Uk reports.
A number of other research analysts also recently issued reports on RMG. Societe Generale cut their price objective on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a hold rating on the stock in a research report on Wednesday, December 4th. Liberum Capital cut their price objective on shares of Royal Mail from GBX 185 ($2.43) to GBX 175 ($2.30) and set a sell rating on the stock in a research report on Wednesday, November 27th. Goldman Sachs Group cut their price objective on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a buy rating on the stock in a research report on Monday, November 25th. Barclays reaffirmed an overweight rating and issued a GBX 250 ($3.29) price objective on shares of Royal Mail in a research report on Thursday, November 21st. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research report on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Royal Mail has a consensus rating of Hold and a consensus target price of GBX 211.54 ($2.78).
LON RMG traded down GBX 3.80 ($0.05) during trading on Friday, reaching GBX 230.40 ($3.03). 2,918,418 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The company’s 50 day simple moving average is GBX 224.15 and its two-hundred day simple 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. 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 firm has a market cap of $2.30 billion and a price-to-earnings ratio of 7.13.
The business also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s dividend payout ratio is presently 0.74%.
In other Royal Mail news, insider Rico Back acquired 300,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). In the last three months, insiders have 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: What Does a Sell-Side Analyst Rating Mean?
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
