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Royal Mail PLC (LON:RMG) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 268.71 ($3.51).
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Morgan Stanley set a $70.00 price objective on shares of Edison International and gave the company a “hold” rating in a research report on Monday. Deutsche Bank raised their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Friday, June 14th.
Shares of RMG traded up GBX 5.50 ($0.07) during trading hours on Tuesday, hitting GBX 221.60 ($2.90). The company’s stock had a trading volume of 3,367,477 shares, compared to its average volume of 5,850,000. The company has a market cap of $2.22 billion and a P/E ratio of 12.66. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company has a 50 day moving average price of GBX 206.99. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 499.10 ($6.52).
The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. Royal Mail’s payout ratio is presently 1.43%.
In related news, insider Rico Back bought 200,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Over the last quarter, insiders have acquired 251,839 shares of company stock valued at $51,718,658.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. 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; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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