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Barclays reissued their overweight rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also issued reports on RMG. Societe Generale raised shares of Royal Mail from a sell rating to a hold rating in a report on Friday, June 14th. Liberum Capital reissued a hold rating on shares of Daily Mail and General Trust P L C in a report on Tuesday, July 2nd. Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the stock a hold rating in a report on Friday, June 28th. HSBC reissued a hold rating on shares of Royal Mail in a report on Friday, June 7th. Finally, JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a report on Tuesday, June 4th. They issued an overweight rating on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Royal Mail stock traded up GBX 4.80 ($0.06) during trading hours on Friday, reaching GBX 218 ($2.85). The stock had a trading volume of 5,111,400 shares, compared to its average volume of 5,850,000. The stock has a market cap of $2.18 billion and a PE ratio of 12.46. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 499.10 ($6.52). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company’s fifty day simple moving average is GBX 205.90.
The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid a dividend of GBX 17 ($0.22) per share. This is a positive change from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 7.43%. Royal Mail’s payout ratio is presently 1.43%.
In related news, insider Rico Back bought 200,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Insiders have bought a total of 251,794 shares of company stock worth $51,708,848 in 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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