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Citigroup reissued their buy rating on shares of Royal Mail (LON:RMG – Get Rating) in a report published on Thursday, Marketbeat reports. The firm currently has a GBX 410 ($4.90) target price on the stock.
RMG has been the subject of a number of other reports. Barclays reissued an overweight rating and issued a GBX 320 ($3.83) price objective on shares of Royal Mail in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a sell rating and issued a GBX 240 ($2.87) price objective on shares of Royal Mail in a research report on Thursday. Berenberg Bank decreased their price objective on shares of Royal Mail from GBX 575 ($6.87) to GBX 480 ($5.74) and set a buy rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Royal Mail from GBX 632 ($7.56) to GBX 360 ($4.30) and set an overweight rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, Royal Mail has a consensus rating of Moderate Buy and a consensus target price of GBX 426.88 ($5.10).
Royal Mail Stock Performance
LON:RMG opened at GBX 290.80 ($3.48) on Thursday. The company has a debt-to-equity ratio of 41.49, a current ratio of 1.10 and a quick ratio of 1.02. The firm has a 50-day moving average of GBX 290.44 and a two-hundred day moving average of GBX 352.74. The stock has a market cap of £2.78 billion and a P/E ratio of 469.03. Royal Mail has a 1-year low of GBX 257.43 ($3.08) and a 1-year high of GBX 535.20 ($6.40).
Royal Mail Increases Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, September 6th. Investors of record on Thursday, July 28th will be paid a GBX 13.30 ($0.16) dividend. This is a positive change from Royal Mail’s previous dividend of $6.70. The ex-dividend date is Thursday, July 28th. This represents a yield of 3.88%. Royal Mail’s dividend payout ratio (DPR) is currently 26.94%.
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.
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