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Berenberg Bank reaffirmed their buy rating on shares of Royal Mail (LON:RMG) in a report published on Tuesday morning, Price Targets.com reports. The firm currently has a GBX 650 ($8.76) price objective on the stock.
A number of other equities analysts have also weighed in on RMG. Peel Hunt restated a buy rating and set a GBX 625 ($8.42) target price on shares of Royal Mail in a research report on Thursday, November 18th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 777 ($10.47) target price on shares of Royal Mail in a research report on Thursday, December 16th. Citigroup restated a buy rating and set a GBX 1,000 ($13.48) target price on shares of Royal Mail in a research report on Thursday, December 16th. Peel Hunt restated a buy rating and set a GBX 625 ($8.42) target price on shares of Royal Mail in a research report on Thursday, November 18th. Finally, Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 763 ($10.28) target price on shares of Royal Mail in a research report on Friday, November 19th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of GBX 712.45 ($9.60).
RMG opened at GBX 518.80 ($6.99) on Tuesday. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.31 and a quick ratio of 1.28. The company has a 50 day simple moving average of GBX 484.68 and a two-hundred day simple moving average of GBX 499.64. Royal Mail has a 1-year low of GBX 351 ($4.73) and a 1-year high of GBX 613.80 ($8.27). The firm has a market cap of £5.17 billion and a P/E ratio of 5.95.
The company also recently announced a dividend, which will be paid on Wednesday, January 12th. Stockholders of record on Thursday, December 2nd will be paid a GBX 6.70 ($0.09) dividend. This represents a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, December 2nd. Royal Mail’s dividend payout ratio is currently 0.11%.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
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