Deutsche Bank restated their sell rating on shares of Royal Mail (LON:RMG) in a research note published on Friday, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently weighed in on RMG. Goldman Sachs Group lowered their target price on Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a buy rating for the company in a report on Monday, November 25th. Liberum Capital cut their price target on Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a sell rating on the stock in a research note on Wednesday, November 27th. Royal Bank of Canada decreased their price objective on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price objective on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating for the company in a report on Friday, November 22nd. Finally, Societe Generale lowered their price objective on shares of Royal Mail from GBX 208 ($2.72) to GBX 200 ($2.61) and set a hold rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 211.54 ($2.76).

RMG traded up GBX 4.80 ($0.06) during trading on Friday, hitting GBX 218.50 ($2.86). 3,494,047 shares of the stock were exchanged, compared to its average volume of 5,850,000. The firm has a 50 day simple moving average of GBX 217.59 and a 200 day simple moving average of GBX 212.17. The firm has a market cap of $2.19 billion and a price-to-earnings ratio of 6.76. Royal Mail has a 1 year low of GBX 186.80 ($2.44) and a 1 year high of GBX 315.70 ($4.13). The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76.

The company also recently announced 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. The ex-dividend date is Thursday, December 5th. This represents a 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.

Further Reading: Retained Earnings

Analyst Recommendations for Royal Mail (LON:RMG)

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