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Berenberg Bank restated their hold rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Thursday, June 20th, Digital Look reports. The brokerage currently has a GBX 240 ($3.14) price objective on the stock.
A number of other brokerages have also issued reports on RMG. Liberum Capital reissued a sell rating on shares of Royal Mail in a report on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Royal Mail in a research report on Wednesday, May 15th. Barclays decreased their target price 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. Goldman Sachs Group raised shares of Royal Mail to a buy rating and reduced their price target for the stock from GBX 360 ($4.70) to GBX 320 ($4.18) in a research report on Friday, May 24th. Finally, Credit Suisse Group reduced their price target on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a research report on Wednesday, May 29th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Royal Mail stock opened at GBX 211.20 ($2.76) on Thursday. 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 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 506.80 ($6.62). The business’s fifty day simple moving average is GBX 207.76. The stock has a market capitalization of $2.11 billion and a price-to-earnings ratio of 12.07.
The company also recently announced a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. This is a boost from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio (DPR) is 1.43%.
In other news, insider Rico Back bought 200,000 shares of Royal Mail stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). In the last ninety days, insiders purchased 251,794 shares of company stock worth $51,708,848.
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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