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Berenberg Bank restated their hold rating on shares of Royal Mail (LON:RMG) in a report released on Thursday, June 20th, Digital Look reports. The firm currently has a GBX 240 ($3.14) price objective on the stock.
Several other brokerages also recently weighed in on RMG. Liberum Capital restated a sell rating on shares of Marks and Spencer Group in a report on Friday, May 24th. Credit Suisse Group set a €80.00 ($93.02) price objective on Siltronic and gave the stock a neutral rating in a report on Wednesday, May 29th. Goldman Sachs Group downgraded SUMCO CORP/ADR from a buy rating to a neutral rating in a report on Monday, June 10th. Deutsche Bank reduced their price objective on BOX from $21.00 to $17.00 and set a hold rating for the company in a report on Tuesday, June 4th. Finally, HSBC reissued a hold rating on shares of Royal Mail in a research report on Friday, June 7th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Royal Mail has a consensus rating of Hold and a consensus target price of GBX 250.46 ($3.27).
RMG traded up GBX 4.80 ($0.06) during trading on Thursday, 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. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 499.10 ($6.52). 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’s 50 day simple moving average is GBX 205.90. The company has a market capitalization of $2.18 billion and a P/E ratio of 12.46.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 7.43%. Royal Mail’s payout ratio is presently 1.43%.
In other news, insider Rico Back acquired 200,000 shares of Royal Mail stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). In the last ninety days, insiders acquired 251,794 shares of company stock worth $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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