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Liberum Capital restated their hold rating on shares of Royal Mail (LON:RMG) in a research note released on Tuesday, July 2nd, ThisIsMoney.Co.Uk reports.
RMG has been the subject of a number of other research reports. Barclays set a $34.00 price objective on shares of DCP Midstream and gave the company a hold rating in a report on Wednesday, May 22nd. Berenberg Bank reaffirmed a hold rating and set a GBX 240 ($3.14) price objective on shares of in a research report on Thursday, June 20th. JPMorgan Chase & Co. began coverage on shares of INTL CONS AIRL/S in a report on Tuesday, June 4th. They issued an overweight rating for the company. 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. 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 research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).
Shares of LON:RMG traded up GBX 2.80 ($0.04) during trading on Tuesday, hitting GBX 209.80 ($2.74). 3,942,304 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 492.50 ($6.44). The company’s 50-day moving average is GBX 209.47. 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 $2.10 billion and a price-to-earnings ratio of 11.99.
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. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s payout ratio is presently 1.43%.
In related news, insider Rico Back acquired 51,702 shares of the stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price 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 valued at $51,718,658 in 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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