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Berenberg Bank reissued their hold rating on shares of Royal Mail (LON:RMG) in a research report released on Thursday, June 20th, LSE.Co.UK reports. The firm currently has a GBX 240 ($3.14) price target on the stock.
RMG has been the topic of several other reports. HSBC reiterated a hold rating on shares of Royal Mail in a research report on Friday, June 7th. Credit Suisse Group set a €80.00 ($93.02) price objective on shares of Siltronic and gave the company a neutral rating in a research report on Wednesday, May 29th. Jefferies Financial Group restated a buy rating and set a GBX 3,000 ($39.20) price objective on shares of in a research report on Monday, June 3rd. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research report on Monday, June 10th. Finally, Societe Generale upgraded shares of Royal Mail from a sell rating to a hold rating in a research report on Friday, June 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 250.46 ($3.27).
Royal Mail stock traded up GBX 4.80 ($0.06) during midday trading on Thursday, reaching GBX 218 ($2.85). 5,111,400 shares of the company traded hands, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 499.10 ($6.52). The stock has a market cap of $2.18 billion and a price-to-earnings ratio of 12.46. The company’s 50 day simple moving average is GBX 205.90.
The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid a dividend of GBX 17 ($0.22) per share. This represents a yield of 7.43%. This is a boost from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In related news, insider Rico Back bought 200,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Insiders have purchased 251,794 shares of company stock valued at $51,708,848 over the last ninety 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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