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Royal Mail plc (OTCMKTS:ROYMY – Get Rating) has received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $362.00.
Several equities research analysts recently issued reports on ROYMY shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Royal Mail from GBX 275 ($3.29) to GBX 240 ($2.87) in a report on Friday, May 20th. Citigroup decreased their price target on shares of Royal Mail from GBX 710 ($8.49) to GBX 410 ($4.90) in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Royal Mail from GBX 632 ($7.56) to GBX 360 ($4.30) in a report on Thursday. Sanford C. Bernstein lowered shares of Royal Mail from an “outperform” rating to a “market perform” rating in a report on Friday, May 27th. Finally, UBS Group lowered shares of Royal Mail from a “buy” rating to a “neutral” rating in a report on Wednesday, June 22nd.
Royal Mail Stock Up 0.8 %
Shares of OTCMKTS:ROYMY opened at $7.20 on Friday. The firm has a 50 day moving average of $7.23 and a 200-day moving average of $9.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.10. Royal Mail has a 12 month low of $6.06 and a 12 month high of $14.54.
Royal Mail Increases Dividend
The firm 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. 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 yield of 13.91%.
About Royal Mail
(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.
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