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Barclays reissued their overweight rating on shares of Royal Mail (LON:RMG) in a research note published on Friday, ThisIsMoney.Co.Uk reports.
Several other analysts have also issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a buy rating in a research report on Thursday. Liberum Capital restated a hold rating on shares of Daily Mail and General Trust P L C in a research report on Tuesday, July 2nd. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the company a hold rating in a research report on Friday, June 28th. HSBC restated a hold rating on shares of Royal Mail in a research report on Friday, June 7th. Finally, Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the company a neutral rating 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 given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 250.46 ($3.27).
Shares of RMG traded up GBX 4.80 ($0.06) during mid-day trading on Friday, hitting GBX 218 ($2.85). 5,111,400 shares of the company traded hands, compared to its average volume of 5,850,000. The business has a 50-day moving average price of GBX 205.90. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market cap of $2.18 billion and a PE ratio of 12.46. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 499.10 ($6.52).
The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. This represents a dividend yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s payout ratio is 1.43%.
In other Royal Mail news, insider Rico Back purchased 51,702 shares of the firm’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, with a total value of £102,886.98 ($134,440.06). In the last ninety days, insiders have 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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