Royal Mail (RMG) Stock Rating Reaffirmed by Liberum Capital

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Liberum Capital reiterated their sell rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Wednesday, Digital Look reports. They currently have a GBX 240 ($3.14) price target on the stock.

RMG has been the topic of several other research reports. HSBC upgraded shares of Royal Mail to a buy rating and lowered their price objective for the stock from GBX 347 ($4.53) to GBX 300 ($3.92) in a report on Monday, February 4th. UBS Group restated a neutral rating and set a GBX 282 ($3.68) price objective (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a report on Monday, February 11th. JPMorgan Chase & Co. lowered their price objective on shares of Royal Mail from GBX 285 ($3.72) to GBX 241 ($3.15) and set an underweight rating on the stock in a report on Wednesday, January 30th. Barclays restated an overweight rating and set a GBX 410 ($5.36) price objective on shares of Royal Mail in a report on Tuesday, January 29th. Finally, Credit Suisse Group lowered their price objective on shares of Royal Mail from GBX 301 ($3.93) to GBX 238 ($3.11) and set an underperform rating on the stock in a report on Wednesday, January 30th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Royal Mail currently has an average rating of Hold and an average target price of GBX 294.25 ($3.84).

Royal Mail stock opened at GBX 201.10 ($2.63) on Wednesday. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.74 and a current ratio of 0.78. Royal Mail has a 12-month low of GBX 231.89 ($3.03) and a 12-month high of GBX 585 ($7.64). The firm has a market cap of $2.22 billion and a P/E ratio of 21.39.

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be issued a dividend of GBX 17 ($0.22) per share. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio is presently 2.55%.

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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Analyst Recommendations for Royal Mail (LON:RMG)

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