Royal Mail (LON:RMG) Downgraded by Societe Generale

Societe Generale lowered shares of Royal Mail (LON:RMG) to a sell rating in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has GBX 148 ($1.95) price target on the stock, down from their previous price target of GBX 200 ($2.63).

A number of other brokerages also recently commented on RMG. Jefferies Financial Group decreased their target price on Royal Mail from GBX 150 ($1.97) to GBX 140 ($1.84) and set an underperform rating for the company in a report on Friday, February 7th. Credit Suisse Group decreased their target price on Royal Mail from GBX 152 ($2.00) to GBX 138 ($1.82) and set an underperform rating for the company in a report on Monday. Deutsche Bank restated a sell rating and set a GBX 150 ($1.97) target price on shares of Royal Mail in a report on Friday, February 7th. Liberum Capital restated a sell rating on shares of Royal Mail in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. restated an underweight rating and set a GBX 148 ($1.95) target price (down previously from GBX 159 ($2.09)) on shares of Royal Mail in a report on Wednesday, February 5th. Eight analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 178.75 ($2.35).

Shares of Royal Mail stock opened at GBX 181 ($2.38) on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The company has a market cap of $1.81 billion and a PE ratio of 5.60. The business has a 50 day moving average of GBX 208.73 and a 200 day moving average of GBX 213.74. Royal Mail has a 52 week low of GBX 168.05 ($2.21) and a 52 week high of GBX 295.50 ($3.89).

The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were issued a GBX 7.50 ($0.10) dividend. The ex-dividend date was Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is 0.74%.

In other news, insider Rico Back acquired 300,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was acquired at an average price of GBX 179 ($2.35) per share, for a total transaction of £537,000 ($706,393.05). Also, insider Maria da Cunha acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average price of GBX 177 ($2.33) per share, with a total value of £26,550 ($34,925.02). In the last quarter, insiders acquired 631,775 shares of company stock valued at $129,562,500.

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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