Royal Mail (LON:RMG) Price Target Cut to GBX 200 by Analysts at Societe Generale

Royal Mail (LON:RMG) had its price target decreased by Societe Generale from GBX 208 ($2.72) to GBX 200 ($2.61) in a research note issued to investors on Wednesday, Stock Target Advisor reports. Societe Generale currently has a hold rating on the stock.

Several other research analysts also recently commented on the stock. Credit Suisse Group reissued an underperform rating on shares of Royal Mail in a report on Thursday, October 17th. Liberum Capital reduced their target price on Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a sell rating on the stock in a report on Wednesday, November 27th. JPMorgan Chase & Co. decreased their target price on Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an underweight rating on the stock in a research report on Friday, November 22nd. Barclays reissued an overweight rating and set a GBX 250 ($3.27) price target on shares of Royal Mail in a research note on Thursday, November 21st. Finally, Sanford C. Bernstein cut Royal Mail to a market perform rating and cut their price target for the company from GBX 250 ($3.27) to GBX 225 ($2.94) in a report on Friday, November 29th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 211.54 ($2.76).

Shares of LON RMG opened at GBX 218.50 ($2.86) on Wednesday. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The company has a market cap of $2.19 billion and a P/E ratio of 6.76. The firm’s fifty day moving average is GBX 217.59 and its two-hundred day moving average is GBX 212.17. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 315.70 ($4.13).

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a GBX 7.50 ($0.10) dividend. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is presently 0.74%.

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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