Related Articles
Royal Mail PLC (LON:RMG) has earned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 239.64 ($3.13).
RMG has been the subject of a number of analyst reports. Berenberg Bank upgraded Royal Mail to a “hold” rating and reduced their price objective for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Liberum Capital restated a “sell” rating on shares of Royal Mail in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Royal Mail in a research report on Wednesday, May 15th. Barclays reduced their price objective on Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating for the company in a research report on Wednesday, May 22nd. Finally, Goldman Sachs Group upgraded Royal Mail to a “buy” rating and reduced their price objective for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research report on Friday, May 24th.
Shares of LON RMG traded down GBX 0.40 ($0.01) during trading on Friday, reaching GBX 206.30 ($2.70). The stock had a trading volume of 4,825,760 shares, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 511.80 ($6.69). 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 firm has a market capitalization of $2.06 billion and a PE ratio of 11.79. The stock has a 50 day simple moving average of GBX 217.48.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. This represents a dividend yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s payout ratio is currently 1.43%.
In related news, insider Rico Back bought 200,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Insiders have bought 251,794 shares of company stock worth $51,708,848 over the last ninety days.
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.
Recommended Story: Bar Chart
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
