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Jefferies Financial Group reiterated their underperform rating on shares of Royal Mail (LON:RMG) in a research note released on Thursday, July 11th, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also recently issued reports about the stock. Deutsche Bank reiterated a sell rating on shares of Royal Mail in a research report on Friday, June 28th. Goldman Sachs Group reaffirmed a buy rating on shares of Royal Mail in a research note on Monday, June 10th. HSBC cut Royal Mail to a hold rating and lowered their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. JPMorgan Chase & Co. raised Royal Mail to a neutral rating and upped their target price for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. Finally, Liberum Capital reaffirmed a hold rating on shares of Royal Mail in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Royal Mail has an average rating of Hold and a consensus price target of GBX 250.46 ($3.27).
Shares of LON RMG traded down GBX 1.70 ($0.02) during midday trading on Thursday, reaching GBX 211.10 ($2.76). 3,885,220 shares of the company traded hands, compared to its average volume of 5,850,000. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 492.50 ($6.44). The stock’s 50-day moving average is GBX 211.32. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The firm has a market capitalization of $2.11 billion and a P/E ratio of 12.06.
The firm also recently declared 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. 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 dividend yield of 7.43%. Royal Mail’s payout ratio is 1.43%.
In other news, insider Rico Back bought 51,702 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders purchased 251,839 shares of company stock valued at $51,718,658 over 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.
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