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Shares of Royal Mail plc (OTCMKTS:ROYMY – Get Rating) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $362.00.
ROYMY has been the topic of several research reports. Berenberg Bank decreased their price target on shares of Royal Mail from GBX 575 ($6.93) to GBX 480 ($5.78) in a research note on Friday, July 22nd. JPMorgan Chase & Co. cut their price objective on shares of Royal Mail from GBX 632 ($7.61) to GBX 360 ($4.34) in a research report on Thursday, July 21st. Barclays cut their price objective on shares of Royal Mail from GBX 400 ($4.82) to GBX 320 ($3.86) in a research report on Wednesday, June 29th. UBS Group cut shares of Royal Mail from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 22nd. Finally, Citigroup cut their price objective on shares of Royal Mail from GBX 710 ($8.55) to GBX 410 ($4.94) in a research report on Thursday, July 21st.
Royal Mail Price Performance
ROYMY stock opened at $7.17 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.10. The company’s 50-day simple moving average is $7.18 and its 200 day simple moving average is $9.18. Royal Mail has a 52 week low of $6.06 and a 52 week high of $14.54.
Royal Mail Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Friday, July 29th will be issued a $0.2698 dividend. The ex-dividend date is Thursday, July 28th. This represents a dividend 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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