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Royal Mail (OTCMKTS:ROYMY – Get Rating) had its price objective decreased by Berenberg Bank from GBX 575 ($6.93) to GBX 480 ($5.78) in a research report report published on Friday, The Fly reports.
A number of other analysts have also recently issued reports on ROYMY. JPMorgan Chase & Co. reduced their price objective on Royal Mail from GBX 632 ($7.61) to GBX 360 ($4.34) in a research report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Royal Mail from GBX 275 ($3.31) to GBX 240 ($2.89) in a research report on Friday, May 20th. UBS Group cut Royal Mail from a buy rating to a neutral rating in a research report on Wednesday, June 22nd. Peel Hunt cut Royal Mail from a buy rating to a sell rating in a research report on Tuesday, May 24th. Finally, Barclays reduced their price objective on Royal Mail from GBX 400 ($4.82) to GBX 320 ($3.86) in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Royal Mail has an average rating of Hold and a consensus target price of $371.67.
Royal Mail Trading Down 0.8 %
Shares of Royal Mail stock opened at $7.14 on Friday. The business has a fifty day simple moving average of $7.21 and a 200-day simple moving average of $9.20. 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 12 month low of $6.06 and a 12 month high of $14.54.
Royal Mail Increases Dividend
The business also recently declared a dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Friday, July 29th will be given a $0.2698 dividend. The ex-dividend date of this dividend 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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