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Royal Mail (OTCMKTS:ROYMY – Get Rating) had its price target lowered by Citigroup from GBX 710 ($8.49) to GBX 410 ($4.90) in a research report report published on Thursday, The Fly reports.
ROYMY has been the subject of several other research reports. Berenberg Bank lowered their target price on shares of Royal Mail from GBX 650 ($7.77) to GBX 575 ($6.87) in a research note on Friday, May 20th. Peel Hunt lowered shares of Royal Mail from a buy rating to a sell rating in a research note on Tuesday, May 24th. JPMorgan Chase & Co. lowered their price objective on shares of Royal Mail from GBX 632 ($7.56) to GBX 360 ($4.30) in a research note on Thursday. Barclays lowered their price objective on shares of Royal Mail from GBX 400 ($4.78) to GBX 320 ($3.83) in a research note on Wednesday, June 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Royal Mail from GBX 275 ($3.29) to GBX 240 ($2.87) in a research note on Friday, May 20th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $371.67.
Royal Mail Stock Performance
Shares of ROYMY stock opened at $7.20 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $7.23 and a two-hundred day moving average of $9.28. Royal Mail has a 1-year low of $6.06 and a 1-year high of $14.54.
Royal Mail Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Friday, July 29th will be issued a dividend of $0.2698 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a yield of 13.91%. This is a boost from Royal Mail’s previous dividend of $0.22.
Royal Mail Company Profile
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Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
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