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Jefferies Financial Group reiterated their underperform rating on shares of Royal Mail (LON:RMG) in a research report released on Thursday, July 11th, ThisIsMoney.Co.Uk reports.
Several other equities research analysts also recently commented on the company. Berenberg Bank reaffirmed a hold rating and set a GBX 240 ($3.14) target price on shares of in a report on Thursday, June 20th. Barclays set a $34.00 price target on DCP Midstream and gave the company a hold rating in a research report on Wednesday, May 22nd. Societe Generale raised Royal Mail from a sell rating to a hold rating in a research report on Friday, June 14th. Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the company a hold rating in a research report on Friday, June 28th. Finally, Credit Suisse Group set a €80.00 ($93.02) target price on Siltronic and gave the stock a neutral rating in a research report on Wednesday, May 29th. Four investment 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’s stock. The company presently has an average rating of Hold and an average price target of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded up GBX 5.50 ($0.07) during trading on Thursday, 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 company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The stock has a market capitalization of $2.21 billion and a price-to-earnings ratio of 12.66. The firm’s fifty day simple moving average is GBX 206.99. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 499.10 ($6.52).
The business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders 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. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio is currently 1.43%.
In other Royal Mail news, insider Rico Back bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). In the last 90 days, insiders have purchased 251,839 shares of company stock valued at $51,718,658.
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.
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