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Jefferies Financial Group reissued their underperform rating on shares of Royal Mail (LON:RMG) in a research report released on Thursday, July 11th, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently issued reports on RMG. Credit Suisse Group reduced their price objective on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating for the company in a research report on Wednesday, May 29th. Societe Generale raised shares of Royal Mail to a hold rating and reduced their target price for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. JPMorgan Chase & Co. raised shares of Royal Mail to a neutral rating and increased their target price for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. HSBC downgraded shares of Royal Mail to a hold rating and reduced their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Finally, Barclays reduced their target price on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating for the company in a research report on Wednesday, May 22nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Royal Mail currently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of RMG traded down GBX 1.70 ($0.02) on Thursday, reaching GBX 211.10 ($2.76). The company’s stock had a trading volume of 5,653,384 shares, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 492.50 ($6.44). 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 has a fifty day moving average of GBX 211.32. The firm has a market cap of $2.11 billion and a PE ratio of 12.06.
The company also recently announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. The ex-dividend date is Thursday, July 25th. This is a boost 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 other news, insider Rico Back bought 51,702 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders acquired a total of 251,839 shares of company stock worth $51,718,658 over the last quarter.
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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