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Deutsche Bank reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research report released on Friday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued reports about the company. Goldman Sachs Group reiterated a buy rating on shares of Royal Mail in a research report on Monday, June 10th. Berenberg Bank reiterated a hold rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Wednesday, May 22nd. Liberum Capital upgraded Royal Mail to a hold rating and decreased their price objective for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. HSBC lowered Royal Mail to a hold rating and decreased their price objective for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Finally, Societe Generale upgraded Royal Mail to a hold rating and decreased their price objective for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of RMG opened at GBX 211.90 ($2.77) on Friday. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The company has a 50 day simple moving average of GBX 211.82. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 511.80 ($6.69). The firm has a market cap of $2.12 billion and a price-to-earnings ratio of 12.11.
The company also recently declared a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio is 1.43%.
In other news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last ninety days, insiders have acquired 251,794 shares of company stock valued at $51,708,848.
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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