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Goldman Sachs Group reiterated their buy rating on shares of Royal Mail (LON:RMG) in a report released on Monday, June 10th, ThisIsMoney.Co.Uk reports.
A number of other research firms also recently weighed in on RMG. Liberum Capital raised Royal Mail to a hold rating and dropped their price target for the stock from GBX 240 ($3.14) to GBX 185 ($2.42) in a research note on Friday, May 24th. UBS Group reissued a neutral rating and issued a GBX 282 ($3.68) price objective (down from GBX 354 ($4.63)) on shares of Royal Mail in a research note on Monday, February 11th. Berenberg Bank raised Royal Mail to a hold rating and lowered their price objective for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a research note on Monday, April 1st. Credit Suisse Group lowered their price objective on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating for the company in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. reissued an underweight rating on shares of Royal Mail in a research note on Wednesday, May 15th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 250.46 ($3.27).
Shares of LON:RMG traded down GBX 0.20 ($0.00) during midday trading on Monday, reaching GBX 211.90 ($2.77). The company’s stock had a trading volume of 4,895,277 shares, compared to its average volume of 5,850,000. The stock has a 50 day moving average of GBX 211.82. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 511.80 ($6.69). The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 12.11.
The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In related news, insider Rico Back purchased 51,702 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders bought 251,794 shares of company stock valued at $51,708,848 over the last ninety days.
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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