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Liberum Capital restated their hold rating on shares of Royal Mail (LON:RMG) in a research report released on Tuesday, July 2nd, ThisIsMoney.Co.Uk reports.
RMG has been the topic of a number of other research reports. Goldman Sachs Group reiterated a buy rating on shares of Royal Mail in a report on Monday, June 10th. Jefferies Financial Group cut their price target on shares of Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an underperform rating on the stock in a report on Monday, June 3rd. Barclays dropped 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 report on Wednesday, May 22nd. JPMorgan Chase & Co. upgraded shares of Royal Mail to a neutral rating and raised their target price for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Finally, HSBC cut shares of Royal Mail to a hold rating and dropped their target price for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 250.46 ($3.27).
LON:RMG opened at GBX 210.60 ($2.75) on Tuesday. The firm’s 50 day moving average price is GBX 206.12. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 499.10 ($6.52). 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 stock has a market capitalization of $2.11 billion and a PE ratio of 12.03.
The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 7.43%. Royal Mail’s payout ratio is presently 1.43%.
In other news, insider Rico Back purchased 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders acquired a total of 251,794 shares of company stock worth $51,708,848 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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