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Liberum Capital reaffirmed their hold rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Tuesday, July 2nd, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently commented on RMG. Barclays set a $34.00 target price on DCP Midstream and gave the company a hold rating in a report on Wednesday, May 22nd. Credit Suisse Group set a €80.00 ($93.02) price target on Siltronic and gave the company a neutral rating in a research report on Wednesday, May 29th. HSBC reissued a hold rating on shares of Royal Mail in a research report on Friday, June 7th. JPMorgan Chase & Co. started coverage on INTL CONS AIRL/S in a research report on Tuesday, June 4th. They set an overweight rating on the stock. Finally, Societe Generale raised Royal Mail from a sell rating to a hold rating in a research report on Friday, June 14th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 250.46 ($3.27).
LON RMG traded down GBX 0.30 ($0.00) during mid-day trading on Tuesday, hitting GBX 208.10 ($2.72). The stock had a trading volume of 4,583,824 shares, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 492.50 ($6.44). The company has a market capitalization of $2.08 billion and a PE ratio of 11.89. The stock’s 50 day moving average is GBX 209.51. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73.
The company also recently announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This represents a yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s payout ratio is presently 1.43%.
In other news, insider Rico Back bought 51,702 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last quarter, insiders have acquired 251,839 shares of company stock worth $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.
See Also: Dividend Yield
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