Sanford C. Bernstein lowered shares of Royal Mail (LON:RMG) to a market perform rating in a report released on Friday, ThisIsMoney.Co.Uk reports. They currently have GBX 225 ($2.94) price objective on the stock, down from their previous price objective of GBX 250 ($3.27).
A number of other brokerages also recently weighed in on RMG. Goldman Sachs Group lowered their target price on shares of Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating on the stock in a report on Monday, November 25th. Barclays restated an overweight rating and set a GBX 250 ($3.27) target price on shares of Royal Mail in a report on Thursday, November 21st. Deutsche Bank restated a sell rating and set a GBX 150 ($1.96) target price on shares of Royal Mail in a report on Friday, November 22nd. JPMorgan Chase & Co. lowered their target price on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating on the stock in a report on Friday, November 22nd. Finally, Royal Bank of Canada lowered their target price on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating on the stock in a report on Wednesday, October 9th. Five 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. Royal Mail has a consensus rating of Hold and an average target price of GBX 212.15 ($2.77).
Shares of RMG opened at GBX 215.50 ($2.82) on Friday. The company has a market cap of $2.16 billion and a price-to-earnings ratio of 6.67. Royal Mail has a 1-year low of GBX 186.80 ($2.44) and a 1-year high of GBX 347.50 ($4.54). The company’s fifty day simple moving average is GBX 217.50 and its 200 day simple moving average is GBX 212.69. 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 business also recently disclosed 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 is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.
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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