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Liberum Capital restated their sell rating on shares of Royal Mail (LON:RMG) in a research report report published on Monday, ThisIsMoney.Co.Uk reports.
Several other research analysts have also issued reports on RMG. Societe Generale cut their target price 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 note on Wednesday, December 4th. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Sanford C. Bernstein lowered shares of Royal Mail to a market perform rating and cut their target price for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Royal Bank of Canada cut their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating on the stock in a research note on Wednesday, October 9th. Finally, Goldman Sachs Group dropped 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 note on Monday, November 25th. 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 stock. Royal Mail presently has a consensus rating of Hold and an average price target of GBX 211.54 ($2.78).
Shares of LON RMG opened at GBX 246 ($3.24) on Monday. The firm has a market cap of $2.44 billion and a PE ratio of 7.62. 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 company’s fifty day simple moving average is GBX 219.74 and its 200 day simple moving average is GBX 212.25. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be paid a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 3.78%. The ex-dividend date is Thursday, December 5th. Royal Mail’s dividend payout ratio (DPR) is 0.74%.
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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