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Goldman Sachs Group restated their buy rating on shares of Royal Mail (LON:RMG) in a research report released on Monday, June 10th, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently commented on the stock. UBS Group reissued a neutral rating and issued a GBX 282 ($3.68) price objective (down from GBX 354 ($4.63)) on shares of Royal Mail in a research report on Monday, February 11th. Liberum Capital reissued a sell rating on shares of Royal Mail in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reissued an underweight rating on shares of Royal Mail in a research report on Wednesday, May 15th. Berenberg Bank raised shares of Royal Mail to a hold rating and dropped their price objective for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Finally, Barclays dropped their price objective on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating on the stock in a research report on Wednesday, May 22nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Royal Mail currently has a consensus rating of Hold and an average price target of GBX 250.46 ($3.27).
Shares of RMG stock traded up GBX 3.60 ($0.05) during trading hours on Monday, hitting GBX 200.30 ($2.62). The company had a trading volume of 6,081,455 shares, compared to its average volume of 5,850,000. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 511.80 ($6.69). The business’s fifty day moving average is GBX 213.85. The firm has a market capitalization of $2.03 billion and a PE ratio of 11.45. 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 company also recently announced 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 a boost from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio (DPR) is 1.43%.
In other news, insider Rico Back bought 51,702 shares of Royal Mail stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders bought a total of 251,794 shares of company stock valued at $51,708,848 in the last 90 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.
Further Reading: Why do analysts give a neutral rating?
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