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Jefferies Financial Group reaffirmed their underperform rating on shares of Royal Mail (LON:RMG) in a report published on Thursday, July 11th, ThisIsMoney.Co.Uk reports.
A number of other analysts also recently commented on RMG. Barclays set a $34.00 target price on DCP Midstream and gave the stock a hold rating in a research report on Wednesday, May 22nd. Societe Generale upgraded Royal Mail from a sell rating to a hold rating in a research report on Friday, June 14th. HSBC reiterated a hold rating on shares of Royal Mail in a research report on Friday, June 7th. Credit Suisse Group set a €80.00 ($93.02) target price on Siltronic and gave the stock a neutral rating in a research report on Wednesday, May 29th. Finally, Goldman Sachs Group downgraded SUMCO CORP/ADR from a buy rating to a neutral rating in a research report on Monday, June 10th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Royal Mail presently has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).
Shares of RMG stock traded down GBX 3.60 ($0.05) during midday trading on Thursday, hitting GBX 216.10 ($2.82). The company had a trading volume of 5,215,671 shares, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 499.10 ($6.52). The firm has a market capitalization of $2.16 billion and a PE ratio of 12.35. The stock has a 50 day simple moving average of GBX 206.72.
The company also recently declared a dividend, which will be paid on Wednesday, September 4th. Shareholders 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. This represents a yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In other news, insider Rico Back purchased 200,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Over the last ninety days, insiders have acquired 251,839 shares of company stock valued at $51,718,658.
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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