Royal Mail’s (RMG) Sell Rating Reaffirmed at Liberum Capital

Liberum Capital reissued their sell rating on shares of Royal Mail (LON:RMG) in a report released on Friday, December 6th, ThisIsMoney.Co.Uk reports.

RMG has been the topic of several other reports. Societe Generale cut their price target 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 report on Wednesday, December 4th. Sanford C. Bernstein lowered Royal Mail to a market perform rating and dropped their price target for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Royal Bank of Canada lowered their target price on 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. Credit Suisse Group reiterated an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Finally, Barclays reiterated an overweight rating and set a GBX 250 ($3.29) price target on shares of Royal Mail in a research note on Thursday, November 21st. 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 presently has a consensus rating of Hold and an average price target of GBX 211.54 ($2.78).

RMG stock traded down GBX 0.90 ($0.01) during mid-day trading on Friday, reaching GBX 233.30 ($3.07). 1,074,016 shares of the company traded hands, compared to its average volume of 5,850,000. 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 company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The stock has a market cap of $2.33 billion and a price-to-earnings ratio of 7.22. The firm’s 50 day moving average price is GBX 223.23 and its 200 day moving average price is GBX 213.41.

The firm 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 dividend yield of 3.78%. Royal Mail’s payout ratio is currently 0.74%.

In other Royal Mail news, insider Rico Back acquired 300,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). In the last quarter, insiders have bought 300,083 shares of company stock valued at $70,219,890.

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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