Royal Mail plc (OTCMKTS:ROYMY) Given Consensus Recommendation of “Hold” by Brokerages

Royal Mail plc (OTCMKTS:ROYMY – Get Rating) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $362.00.

ROYMY has been the subject of several recent analyst reports. Sanford C. Bernstein lowered Royal Mail from an “outperform” rating to a “market perform” rating in a research report on Friday, May 27th. Deutsche Bank Aktiengesellschaft decreased their target price on Royal Mail from GBX 275 ($3.29) to GBX 240 ($2.87) in a research report on Friday, May 20th. Berenberg Bank decreased their target price on Royal Mail from GBX 575 ($6.87) to GBX 480 ($5.74) in a research report on Friday. JPMorgan Chase & Co. cut their price target on Royal Mail from GBX 632 ($7.56) to GBX 360 ($4.30) in a research note on Thursday. Finally, UBS Group downgraded Royal Mail from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 22nd.

Royal Mail Trading Up 0.8 %

ROYMY opened at $7.20 on Friday. The stock has a 50-day moving average price of $7.23 and a 200-day moving average price of $9.28. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.37. Royal Mail has a 1 year low of $6.06 and a 1 year high of $14.54.

Royal Mail Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Friday, July 29th will be given a dividend of $0.2698 per share. This is an increase from Royal Mail’s previous dividend of $0.22. The ex-dividend date of this dividend is Thursday, July 28th. This represents a dividend yield of 13.91%.

Royal Mail Company Profile

(Get Rating)

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.

Further Reading

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