Royal Mail (LON:RMG) Upgraded to Hold at Societe Generale

Societe Generale upgraded shares of Royal Mail (LON:RMG) to a hold rating in a research report sent to investors on Friday, June 14th, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 208 ($2.72) price objective on the stock, down from their prior price objective of GBX 235 ($3.07).

A number of other research analysts have also weighed in on RMG. Deutsche Bank decreased their price target on shares of Royal Mail from GBX 180 ($2.35) to GBX 150 ($1.96) and set a sell rating on the stock in a research note on Tuesday, June 4th. HSBC lowered shares of Royal Mail to a hold rating and decreased their price target for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Jefferies Financial Group decreased their price target on shares of Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an underperform rating on the stock in a research note on Monday, June 3rd. Berenberg Bank raised shares of Royal Mail to a hold rating and decreased their price target for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research note on Monday, April 1st. Finally, Liberum Capital reaffirmed a sell rating on shares of Royal Mail in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 250.46 ($3.27).

RMG stock opened at GBX 211.90 ($2.77) on Friday. The stock has a market cap of $2.12 billion and a price-to-earnings ratio of 12.11. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 506.80 ($6.62). The stock’s 50-day moving average price is GBX 211.82. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio is presently 1.43%.

In other Royal Mail news, insider Rico Back acquired 200,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last quarter, insiders acquired 251,794 shares of company stock valued at $51,708,848.

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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