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Berenberg Bank restated their hold rating on shares of Royal Mail (LON:RMG) in a research note published on Thursday, June 20th, LSE.Co.UK reports. The firm currently has a GBX 240 ($3.14) price objective on the stock.
Other research analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Royal Mail to a buy rating and cut their price objective for the stock from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Societe Generale upgraded shares of Royal Mail to a hold rating and cut their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. HSBC lowered shares of Royal Mail to a hold rating and cut their price target for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Liberum Capital upgraded shares of Royal Mail to a hold rating and cut their price target for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a report on Friday, May 24th. Finally, JPMorgan Chase & Co. upgraded shares of Royal Mail to a neutral rating and raised their price target for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of RMG stock opened at GBX 211.90 ($2.77) on Thursday. The stock has a market cap of $2.12 billion and a price-to-earnings ratio of 12.11. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 511.80 ($6.69). The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The business’s 50-day moving average is GBX 211.82.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a GBX 17 ($0.22) dividend. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio (DPR) is 1.43%.
In other news, insider Rico Back acquired 51,702 shares of the stock in a transaction on Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders acquired 251,794 shares of company stock valued at $51,708,848 in the last ninety days.
About Royal Mail
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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