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Liberum Capital restated their sell rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Monday, December 16th, ThisIsMoney.Co.Uk reports.
A number of other brokerages also recently weighed in on RMG. Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a research note on Thursday, December 12th. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Sanford C. Bernstein downgraded shares of Royal Mail to a market perform rating and dropped their price objective for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Barclays reiterated an overweight rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased 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 report on Friday, November 22nd. 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 stock. Royal Mail currently has a consensus rating of Hold and a consensus target price of GBX 211.54 ($2.78).
Shares of LON RMG opened at GBX 233.30 ($3.07) on Monday. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month 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 firm has a market capitalization of $2.33 billion and a P/E ratio of 7.22. The stock’s 50-day simple moving average is GBX 223.80 and its two-hundred day simple moving average is GBX 213.69.
The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is currently 0.74%.
In other Royal Mail news, insider Rico Back acquired 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders have purchased 300,083 shares of company stock worth $70,219,890 in the last three months.
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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