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Royal Mail (LON:RMG) had its price target reduced by Societe Generale from GBX 208 ($2.72) to GBX 200 ($2.61) in a research note published on Wednesday, Stock Target Advisor reports. They currently have a hold rating on the stock.
A number of other analysts also recently weighed in on the stock. Liberum Capital decreased their price target on shares of Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a sell rating for the company in a research report on Wednesday, November 27th. Sanford C. Bernstein cut shares of Royal Mail to a market perform rating and cut their price target for the company from GBX 250 ($3.27) to GBX 225 ($2.94) in a report on Friday, November 29th. Deutsche Bank reiterated a sell rating and set a GBX 150 ($1.96) price objective on shares of Royal Mail in a research note on Friday, November 22nd. Barclays reissued an overweight rating and set a GBX 250 ($3.27) price objective on shares of Royal Mail in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating for the company in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 211.54 ($2.76).
Shares of RMG opened at GBX 218.50 ($2.86) on Wednesday. The firm has a market cap of $2.19 billion and a price-to-earnings ratio of 6.76. 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 business’s 50 day moving average is GBX 217.59 and its two-hundred day moving average is GBX 212.17. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 315.70 ($4.13).
The company also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a GBX 7.50 ($0.10) dividend. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is 0.74%.
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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