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Royal Mail PLC (LON:RMG) announced a dividend on Thursday, November 21st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 5th will be paid a dividend of GBX 7.50 ($0.10) per share on Wednesday, January 15th. This represents a yield of 3.78%. The ex-dividend date is Thursday, December 5th. The official announcement can be viewed at this link.
Royal Mail stock opened at GBX 218.50 ($2.86) on Friday. The company has a market capitalization of $2.19 billion and a PE ratio of 6.76. Royal Mail has a twelve month low of GBX 186.80 ($2.44) and a twelve month high of GBX 315.70 ($4.13). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The firm has a fifty day simple moving average of GBX 217.59 and a two-hundred day simple moving average of GBX 212.17.
A number of equities research analysts have issued reports on RMG shares. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a report on Friday. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Barclays reissued an “overweight” rating and issued a GBX 250 ($3.27) target price on shares of Royal Mail in a research report on Thursday, November 21st. Goldman Sachs Group decreased their target price on shares of Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a “buy” rating for the company in a research note on Monday, November 25th. Finally, Royal Bank of Canada cut their price objective on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating on the stock in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 211.54 ($2.76).
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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