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Liberum Capital restated their hold rating on shares of Royal Mail (LON:RMG) in a report released on Thursday, ThisIsMoney.Co.Uk reports.
RMG has been the subject of a number of other reports. Goldman Sachs Group cut shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. Deutsche Bank boosted their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research note on Friday, July 12th. JPMorgan Chase & Co. began coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They issued an overweight rating for the company. Morgan Stanley set a $70.00 price objective on shares of Edison International and gave the stock a hold rating in a research note on Monday. Finally, Jefferies Financial Group boosted their price objective on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a buy rating in a research note on Thursday, July 11th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Royal Mail presently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded up GBX 5.10 ($0.07) on Thursday, reaching GBX 221.20 ($2.89). The stock had a trading volume of 2,318,305 shares, compared to its average volume of 5,850,000. The business has a 50-day moving average price of GBX 206.99. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 499.10 ($6.52). The company has a market capitalization of $2.21 billion and a PE ratio of 12.64.
The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. Royal Mail’s payout ratio is 1.43%.
In related news, insider Rico Back bought 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have purchased 251,839 shares of company stock worth $51,718,658 in the last ninety 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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