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Goldman Sachs Group restated their buy rating on shares of Royal Mail (LON:RMG) in a report released on Monday, June 10th, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued reports about the stock. Liberum Capital upgraded shares of Royal Mail to a hold rating and lowered their price objective for the stock from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. UBS Group reissued a neutral rating and set a GBX 282 ($3.68) target price (down from GBX 354 ($4.63)) on shares of Royal Mail in a report on Monday, February 11th. Berenberg Bank raised shares of Royal Mail to a hold rating and reduced their target price for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a report on Monday, April 1st. Credit Suisse Group reduced their target price on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. reissued an underweight rating on shares of Royal Mail in a report on Wednesday, May 15th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 250.46 ($3.27).
Shares of LON:RMG traded down GBX 2.50 ($0.03) during midday trading on Monday, hitting GBX 211.20 ($2.76). The stock had a trading volume of 3,783,525 shares, compared to its average volume of 5,850,000. The stock has a 50-day moving average price of GBX 207.76. The company has a market capitalization of $2.11 billion and a P/E ratio of 12.07. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 506.80 ($6.62).
The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid 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 dividend payout ratio is currently 1.43%.
In related news, insider Rico Back bought 51,702 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were 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 three months, insiders have purchased 251,794 shares of company stock worth $51,708,848.
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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