Deutsche Bank Trims Royal Mail (RMG) Target Price to GBX 180

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Royal Mail (LON:RMG) had its price objective cut by Deutsche Bank from GBX 250 ($3.27) to GBX 180 ($2.35) in a research report sent to investors on Friday. They currently have a sell rating on the stock.

Other equities analysts have also recently issued reports about the company. UBS Group restated a neutral rating and set a GBX 354 ($4.63) target price on shares of Royal Mail in a research report on Friday, January 25th. Berenberg Bank reduced their target price on Royal Mail from GBX 280 ($3.66) to GBX 250 ($3.27) and set a sell rating for the company in a research report on Wednesday, January 30th. Liberum Capital restated a sell rating on shares of Royal Mail in a research report on Wednesday, November 7th. Credit Suisse Group reduced their target price on Royal Mail from GBX 301 ($3.93) to GBX 238 ($3.11) and set an underperform rating for the company in a research report on Wednesday, January 30th. Finally, Barclays restated an overweight rating and set a GBX 410 ($5.36) target price on shares of Royal Mail in a research report on Tuesday, January 29th. Eight investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Royal Mail has an average rating of Hold and an average target price of GBX 343.07 ($4.48).

Royal Mail stock opened at GBX 271.30 ($3.55) on Friday. Royal Mail has a 52 week low of GBX 367.80 ($4.81) and a 52 week high of GBX 575 ($7.51).

Royal Mail (LON:RMG) last posted its earnings results on Thursday, November 15th. The company reported GBX 13.60 ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 16.60 ($0.22) by GBX (3) (($0.04)).

The company also recently disclosed a dividend, which was paid on Wednesday, January 16th. Stockholders of record on Thursday, December 6th were issued a GBX 8 ($0.10) dividend. This represents a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, December 6th.

In other news, insider Rico Back acquired 150,000 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was purchased at an average cost of GBX 290 ($3.79) per share, for a total transaction of £435,000 ($568,404.55). Insiders bought a total of 412,000 shares of company stock valued at $118,266,000 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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