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

Liberum Capital restated their sell rating on shares of Royal Mail (LON:RMG) in a research note published on Tuesday, Stock Target Advisor reports.

RMG has been the topic of several other research reports. Goldman Sachs Group dropped their price objective on 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. Royal Bank of Canada dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating on the stock in a research note on Friday, November 22nd. Barclays reaffirmed an overweight rating and set a GBX 250 ($3.29) price objective on shares of Royal Mail in a research note on Thursday, November 21st. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 211.54 ($2.78).

Shares of Royal Mail stock opened at GBX 223.50 ($2.94) on Tuesday. The company has a market capitalization of $2.26 billion and a PE ratio of 6.92. 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 has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69. The stock’s fifty day simple moving average is GBX 224.19 and its 200 day simple moving average is GBX 215.73.

The company also recently declared 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 of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio is 0.74%.

In other news, insider Rico Back purchased 300,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders acquired a total of 300,083 shares of company stock worth $70,219,890 in the last three months.

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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