Royal Mail (RMG) Given New GBX 250 Price Target at Barclays

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Royal Mail (LON:RMG) had its price target reduced by Barclays from GBX 410 ($5.36) to GBX 250 ($3.27) in a report released on Wednesday, ThisIsMoney.Co.Uk reports. Barclays currently has an overweight rating on the stock.

Several other brokerages have also commented on RMG. UBS Group reaffirmed a neutral rating and issued a GBX 282 ($3.68) price target (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a research note on Monday, February 11th. HSBC raised Royal Mail to a buy rating and decreased their price target for the company from GBX 347 ($4.53) to GBX 300 ($3.92) in a research note on Monday, February 4th. JPMorgan Chase & Co. lowered Royal Mail to an underweight rating in a research note on Thursday, January 24th. Berenberg Bank raised Royal Mail to a hold rating and decreased their price target for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research note on Monday, April 1st. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 240 ($3.14) price target (down previously from GBX 250 ($3.27)) on shares of Royal Mail in a research note on Tuesday, January 29th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Royal Mail presently has an average rating of Hold and a consensus target price of GBX 286.33 ($3.74).

Shares of RMG stock opened at GBX 210.60 ($2.75) on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 16.69. The firm has a market capitalization of $2.11 billion and a P/E ratio of 22.40. Royal Mail has a one year low of GBX 231.89 ($3.03) and a one year high of GBX 585 ($7.64).

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a GBX 17 ($0.22) dividend. 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 payout ratio is presently 2.55%.

In other Royal Mail news, insider Rico Back acquired 200,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last quarter, insiders acquired 200,081 shares of company stock valued at $41,420,137.

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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Analyst Recommendations for Royal Mail (LON:RMG)

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