Related Articles
Jefferies Financial Group restated their underperform rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Thursday, July 11th, ThisIsMoney.Co.Uk reports.
Several other research analysts have also recently weighed in on RMG. Societe Generale raised shares of Royal Mail from a sell rating to a hold rating in a report on Friday, June 14th. Barclays set a $34.00 target price on DCP Midstream and gave the company a hold rating in a research note on Wednesday, May 22nd. HSBC reissued a hold rating on shares of Royal Mail in a research note on Friday, June 7th. 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. Finally, Berenberg Bank restated a hold rating and set a GBX 240 ($3.14) price target on shares of in a research report on Thursday, June 20th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the 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 208.10 ($2.72) on Thursday. The firm has a 50 day moving average price of GBX 209.60. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 492.50 ($6.44). The stock has a market capitalization of $2.08 billion and a P/E ratio of 11.89.
The firm also recently announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be paid 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 of this dividend is Thursday, July 25th. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio (DPR) is currently 1.43%.
In other news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have acquired 251,839 shares of company stock valued at $51,718,658 in the last ninety days.
About Royal Mail
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.
Featured Story: What is the float in trading stocks?
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
