Royal Mail (LON:RMG) Rating Reiterated by Goldman Sachs Group

Goldman Sachs Group restated their buy rating on shares of Royal Mail (LON:RMG) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently 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 report on Monday, February 11th. Liberum Capital reaffirmed a sell rating on shares of Royal Mail in a report on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Royal Mail in a report on Wednesday, May 15th. Berenberg Bank raised shares of Royal Mail to a hold rating and lowered their price target for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a report on Monday, April 1st. Finally, Barclays lowered their price target on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating on the stock in a report on Wednesday, May 22nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 254 ($3.32).

Royal Mail stock opened at GBX 196.60 ($2.57) on Monday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 12.04. The company has a market cap of $1.97 billion and a price-to-earnings ratio of 11.23. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 515.80 ($6.74).

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. This represents a yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s payout ratio is currently 1.43%.

In other Royal Mail news, insider Rico Back acquired 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders purchased a total of 251,783 shares of company stock valued at $51,708,835 over the last quarter.

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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