Royal Mail (LON:RMG) hits new 12-month low at $258.80

Shares of Royal Mail plc (LON:RMG – Get Rating) hit a new 52-week low on Wednesday. The stock traded as low as 258.80 GBX ($3.17) and last traded at 267.70 GBX ($3.28), with volume at 588,816 shares. The stock had previously closed at 273.40 GBX ($3.35).

RMG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut its price target on Royal Mail from 275 GBX ($3.37) to 240 GBX ($2.94) and set a ‘sell’ rating on the stock in a Thursday research report May 19. Berenberg Bank cut its price target on Royal Mail from 650 GBX ($7.96) to 575 GBX ($7.04) and set a “buy” rating on the stock in a Thursday 19 research report may. JPMorgan Chase & Co. cut its price target on Royal Mail from GBX 702 ($8.60) to GBX 632 ($7.74) and set an “overweight” rating on the stock in a research report from the Monday May 23. Citigroup reissued a “buy” rating and released a GBX 790 ($9.68) price target on Royal Mail shares in a research report on Thursday, May 12. Finally, Liberum Capital downgraded Royal Mail to a “sell” rating and reduced its price target for the company from 470 GBX ($5.76) to 355 GBX ($4.35) in a research report by the Wednesday March 2. Two equity research analysts rated the stock with a sell rating and six gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “moderate buy” and a consensus price target of 530.25 GBX ($6.49).

The company has a market capitalization of £2.56 billion and a PE ratio of 4.45. The company has a debt ratio of 41.49, a current ratio of 1.10 and a quick ratio of 1.06. The stock has a 50-day moving average price of 318.65 GBX and a 200-day moving average price of 390.25 GBX.

The company also recently declared a dividend, which will be paid on Tuesday, September 6. Investors registered on Thursday, July 28 will receive a dividend of 13.30 GBX ($0.16). This represents a return of 3.88%. This is an increase from Royal Mail’s previous dividend of $6.70. The ex-dividend date is Thursday, July 28. Royal Mail’s dividend payout ratio (DPR) is 0.27%.

About Royal Mail (LON:RMG)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, Czech Republic, Hungary, Poland, Romania, in Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands and Portugal. It offers parcel and courier delivery services under the Royal Mail and Parcelforce Worldwide brands.

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