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Royal Mail PLC (LON:RMG) has been assigned an average rating of “Hold” from the fourteen research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 268.71 ($3.51).
Several equities research analysts recently issued reports on the stock. Morgan Stanley set a $70.00 target price on shares of Edison International and gave the stock a “hold” rating in a report on Monday. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. HSBC reissued a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Deutsche Bank increased their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the stock a “neutral” rating in a report on Wednesday, May 29th.
In related news, insider Rico Back acquired 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last ninety days, insiders have acquired 251,839 shares of company stock valued at $51,718,658.
Royal Mail stock traded up GBX 5.50 ($0.07) during midday trading on Tuesday, hitting GBX 221.60 ($2.90). The stock had a trading volume of 3,367,477 shares, compared to its average volume of 5,850,000. The stock has a fifty day moving average of GBX 206.99. The stock has a market capitalization of $2.22 billion and a P/E ratio of 12.66. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 499.10 ($6.52). The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
The business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be issued a dividend of GBX 17 ($0.22) per share. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. The ex-dividend date is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is 1.43%.
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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