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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. The company also provides services for the collection, sorting, and delivery of parcels and letters. In addition, it operates ground-based parcel delivery networks in Europe that covers 40 countries and nation states. Further, the company provides express parcel delivery and logistics services. Additionally, it engages in property holdings activities; and provision of facilities management services. The company serves consumers, sole-traders, small and medium-sized enterprises, large businesses, retailers, and access operators. Royal Mail plc was incorporated in 2013 and is based in London, the United Kingdom.
Royal Mail Trading Down 1.2 %
Shares of LON:RMG traded down GBX 3.40 ($0.04) during mid-day trading on Thursday, reaching GBX 277.10 ($3.40). 2,529,385 shares of the company’s stock were exchanged, compared to its average volume of 4,038,072. The firm has a market capitalization of £2.65 billion and a price-to-earnings ratio of 454.26. The business’s fifty day moving average price is GBX 282.88 and its 200-day moving average price is GBX 340.65. The company has a debt-to-equity ratio of 41.49, a quick ratio of 1.02 and a current ratio of 1.10. Royal Mail has a twelve month low of GBX 257.43 ($3.15) and a twelve month high of GBX 531.40 ($6.51).
Royal Mail Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Thursday, July 28th will be issued a dividend of GBX 13.30 ($0.16) per share. This represents a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, July 28th. This is a positive change from Royal Mail’s previous dividend of $6.70. Royal Mail’s payout ratio is 27.38%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on RMG shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Royal Mail from GBX 240 ($2.94) to GBX 222 ($2.72) and set a “sell” rating on the stock in a research report on Thursday. Citigroup restated a “buy” rating and issued a GBX 410 ($5.02) target price on shares of Royal Mail in a research report on Thursday, July 21st. JPMorgan Chase & Co. cut their target price on shares of Royal Mail from GBX 632 ($7.74) to GBX 360 ($4.41) and set an “overweight” rating on the stock in a research report on Thursday, July 21st. Barclays restated an “overweight” rating and issued a GBX 320 ($3.92) target price on shares of Royal Mail in a research report on Thursday, July 21st. Finally, Berenberg Bank cut their target price on shares of Royal Mail from GBX 575 ($7.05) to GBX 480 ($5.88) and set a “buy” rating on the stock in a research report on Thursday, July 21st. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Mail currently has a consensus rating of “Moderate Buy” and an average price target of GBX 424.63 ($5.20).
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