Investment Analysts’ Recent Ratings Changes for Royal Mail (RMG)

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A number of research firms have changed their ratings and price targets for Royal Mail (LON: RMG):

  • 6/10/2019 – Royal Mail had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 6/7/2019 – Royal Mail was downgraded by analysts at HSBC Holdings plc to a “hold” rating. They now have a GBX 216 ($2.82) price target on the stock, down previously from GBX 300 ($3.92).
  • 6/4/2019 – Royal Mail had its price target lowered by analysts at Deutsche Bank AG from GBX 180 ($2.35) to GBX 150 ($1.96). They now have a “sell” rating on the stock.
  • 6/4/2019 – Royal Mail was upgraded by analysts at JPMorgan Chase & Co. to a “neutral” rating. They now have a GBX 252 ($3.29) price target on the stock, up previously from GBX 241 ($3.15).
  • 6/3/2019 – Royal Mail had its price target lowered by analysts at Jefferies Financial Group Inc from GBX 220 ($2.87) to GBX 170 ($2.22). They now have an “underperform” rating on the stock.
  • 5/29/2019 – Royal Mail had its price target lowered by analysts at Credit Suisse Group AG from GBX 238 ($3.11) to GBX 183 ($2.39). They now have an “underperform” rating on the stock.
  • 5/24/2019 – Royal Mail was upgraded by analysts at Liberum Capital to a “hold” rating. They now have a GBX 185 ($2.42) price target on the stock, down previously from GBX 240 ($3.14).
  • 5/24/2019 – Royal Mail was upgraded by analysts at Goldman Sachs Group Inc to a “buy” rating. They now have a GBX 320 ($4.18) price target on the stock, down previously from GBX 360 ($4.70).
  • 5/22/2019 – Royal Mail had its “sell” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 240 ($3.14) price target on the stock.
  • 5/22/2019 – Royal Mail had its price target lowered by analysts at Barclays PLC from GBX 410 ($5.36) to GBX 250 ($3.27). They now have an “overweight” rating on the stock.
  • 5/22/2019 – Royal Mail had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 240 ($3.14) price target on the stock.
  • 5/15/2019 – Royal Mail had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co..

RMG stock opened at GBX 196.15 ($2.56) on Wednesday. Royal Mail PLC has a 12-month low of GBX 192 ($2.51) and a 12-month high of GBX 515.80 ($6.74). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market capitalization of $2.00 billion and a price-to-earnings ratio of 11.21.

The business also recently announced 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 of this dividend is Thursday, July 25th. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio is presently 1.43%.

In related news, insider Rico Back bought 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last quarter, insiders acquired 251,783 shares of company stock valued at $51,708,835.

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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