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Shares of Royal Mail PLC (LON:RMG) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 268.71 ($3.51).
RMG has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating on shares of Royal Mail in a research note on Friday, July 12th. Berenberg Bank reiterated a “hold” rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Thursday, June 20th. JPMorgan Chase & Co. upgraded shares of Royal Mail to a “neutral” rating and upped their price target for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. Goldman Sachs Group reiterated a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. Finally, Credit Suisse Group dropped their price target on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating on the stock in a research note on Wednesday, May 29th.
LON:RMG opened at GBX 209 ($2.73) on Friday. The stock has a 50-day simple moving average of GBX 212.11. The stock has a market cap of $2.08 billion and a P/E ratio of 11.94. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 492.50 ($6.44).
The business also recently announced 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. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 7.43%. This is a boost from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio is currently 1.43%.
In related news, insider Rico Back bought 200,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders have acquired a total of 251,839 shares of company stock worth $51,718,658 in the last 90 days.
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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