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Liberum Capital reaffirmed their hold rating on shares of Royal Mail (LON:RMG) in a research report report published on Tuesday, July 2nd, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the stock. Jefferies Financial Group reiterated a buy rating and issued a GBX 3,000 ($39.20) price objective on shares of in a research note on Monday, June 3rd. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. HSBC restated a hold rating on shares of Royal Mail in a research note on Friday, June 7th. Barclays set a $34.00 price objective 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) price objective on shares of Siltronic and gave the stock a neutral rating in a report on Wednesday, May 29th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 250.46 ($3.27).
Shares of LON:RMG traded up GBX 1.20 ($0.02) during midday trading on Tuesday, hitting GBX 218.80 ($2.86). 4,522,621 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. 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 firm has a market capitalization of $2.19 billion and a P/E ratio of 12.50. The firm has a fifty day moving average price of GBX 206.50. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 499.10 ($6.52).
The business also recently disclosed 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. This represents a yield of 7.43%. The ex-dividend date is Thursday, July 25th. This is a boost from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In related news, insider Rico Back acquired 200,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders acquired a total of 251,839 shares of company stock valued at $51,718,658 in the last 90 days.
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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