Royal Mail (RMG) Price Target Cut to GBX 250

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

RMG has been the subject of several other research reports. Liberum Capital reaffirmed a sell rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a report on Wednesday. Deutsche Bank cut their price target on Royal Mail from GBX 250 ($3.27) to GBX 180 ($2.35) and set a sell rating for the company in a report on Friday, February 8th. JPMorgan Chase & Co. cut their price target on Royal Mail from GBX 285 ($3.72) to GBX 241 ($3.15) and set an underweight rating for the company in a report on Wednesday, January 30th. Credit Suisse Group cut their price target on Royal Mail from GBX 301 ($3.93) to GBX 238 ($3.11) and set an underperform rating for the company in a report on Wednesday, January 30th. Finally, UBS Group reaffirmed a neutral rating and issued a GBX 354 ($4.63) price target on shares of Royal Mail in a report on Friday, January 25th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 286.33 ($3.74).

Royal Mail stock opened at GBX 210.60 ($2.75) on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 16.69. The company has a market capitalization of $2.11 billion and a price-to-earnings ratio of 22.40. Royal Mail has a 12 month low of GBX 231.89 ($3.03) and a 12 month high of GBX 585 ($7.64).

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

In related news, insider Rico Back bought 200,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Over the last three months, insiders bought 200,081 shares of company stock valued at $41,420,137.

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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