Royal Mail (LON:RMG) had its price objective trimmed by Credit Suisse Group from GBX 152 ($2.00) to GBX 138 ($1.82) in a report released on Monday, Stock Target Advisor reports. The firm currently has an underperform rating on the stock.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 148 ($1.95) price objective (down previously from GBX 159 ($2.09)) on shares of Royal Mail in a research note on Wednesday, February 5th. Berenberg Bank upgraded Royal Mail to a sell rating and dropped their price objective for the company from GBX 240 ($3.16) to GBX 150 ($1.97) in a research note on Tuesday, February 4th. Barclays reiterated an overweight rating on shares of Royal Mail in a research note on Friday, January 10th. Deutsche Bank reiterated a sell rating and issued a GBX 150 ($1.97) price objective on shares of Royal Mail in a research note on Friday, February 7th. Finally, Jefferies Financial Group dropped their price objective on Royal Mail from GBX 150 ($1.97) to GBX 140 ($1.84) and set an underperform rating on the stock in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Royal Mail currently has a consensus rating of Hold and a consensus price target of GBX 178.75 ($2.35).

Royal Mail stock opened at GBX 175.50 ($2.31) on Monday. Royal Mail has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 295.50 ($3.89). 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’s 50 day simple moving average is GBX 209.83 and its 200 day simple moving average is GBX 213.96. The company has a market cap of $1.77 billion and a price-to-earnings ratio of 5.43.

The business also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were given a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.

In related news, insider Rico Back bought 300,000 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were purchased at an average price of GBX 179 ($2.35) per share, for a total transaction of £537,000 ($706,393.05). Also, insider Michael Findlay bought 16,690 shares of the company’s stock in a transaction on Monday, February 10th. The shares were bought at an average price of GBX 179 ($2.35) per share, for a total transaction of £29,875.10 ($39,299.00). In the last 90 days, insiders have acquired 616,818 shares of company stock worth $126,917,390.

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.

Further Reading: Neutral Rating

Analyst Recommendations for Royal Mail (LON:RMG)

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