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Shares of Royal Mail plc (LON:RMG – Get Rating) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 255.50 ($3.09) and last traded at GBX 260.30 ($3.15), with a volume of 639435 shares trading hands. The stock had previously closed at GBX 266.40 ($3.22).
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Citigroup reissued a “buy” rating and issued a GBX 410 ($4.95) price target on shares of Royal Mail in a report on Thursday, July 21st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Royal Mail in a report on Wednesday. Barclays reissued an “overweight” rating and issued a GBX 320 ($3.87) price target on shares of Royal Mail in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price target on Royal Mail from GBX 240 ($2.90) to GBX 222 ($2.68) and set a “sell” rating for the company in a report on Thursday, August 4th. Finally, Berenberg Bank reduced their price target on Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) and set a “buy” rating for the company in a report on Thursday, July 21st. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 424.63 ($5.13).
Royal Mail Trading Down 0.0 %
The firm has a market cap of £2.56 billion and a P/E ratio of 439.51. The company has a debt-to-equity ratio of 41.49, a quick ratio of 1.02 and a current ratio of 1.10. The firm has a fifty day moving average of GBX 278.86 and a 200-day moving average of GBX 333.69.
Royal Mail Increases Dividend
The business also recently declared a dividend, which will be paid on Tuesday, September 6th. Investors of record on Thursday, July 28th will be issued a GBX 13.30 ($0.16) dividend. This is an increase from Royal Mail’s previous dividend of $6.70. The ex-dividend date of this dividend is Thursday, July 28th. This represents a dividend yield of 3.88%. Royal Mail’s dividend payout ratio (DPR) is 27.38%.
Royal Mail Company Profile
(Get Rating)
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
Further Reading
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