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Liberum Capital reissued their hold rating on shares of Royal Mail (LON:RMG) in a research note released on Tuesday, July 2nd, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also recently commented on RMG. Berenberg Bank reiterated a hold rating and set a GBX 240 ($3.14) price target on shares of in a report on Thursday, June 20th. Societe Generale upgraded shares of Royal Mail from a sell rating to a hold rating in a report on Friday, June 14th. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the stock a hold rating in a report on Friday, June 28th. Barclays set a $34.00 target price on shares of DCP Midstream and gave the stock a hold rating in a report on Wednesday, May 22nd. Finally, Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the stock a neutral rating in a report on Wednesday, May 29th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Royal Mail has an average rating of Hold and a consensus price target of GBX 250.46 ($3.27).
Shares of LON:RMG traded up GBX 1.20 ($0.02) during trading on Tuesday, reaching GBX 218.80 ($2.86). 4,522,621 shares of the stock traded hands, compared to its average volume of 5,850,000. The firm’s 50-day moving average price is GBX 206.50. 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 debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market capitalization of $2.19 billion and a PE ratio of 12.50.
The firm also recently declared a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a GBX 17 ($0.22) dividend. The ex-dividend date is Thursday, July 25th. This is an increase from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In other Royal Mail news, insider Rico Back purchased 51,702 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders acquired 251,839 shares of company stock worth $51,718,658 over the last quarter.
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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