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Liberum Capital reiterated their hold rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Tuesday, July 2nd, ThisIsMoney.Co.Uk reports.
Several other research firms also recently issued reports on RMG. JPMorgan Chase & Co. started coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They issued an overweight rating for the company. HSBC restated a hold rating on shares of Royal Mail in a research note on Friday, June 7th. Berenberg Bank restated a hold rating and issued a GBX 240 ($3.14) price objective on shares of in a research note on Thursday, June 20th. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. Finally, Jefferies Financial Group reiterated a buy rating and set a GBX 3,000 ($39.20) target price on shares of in a research note on Monday, June 3rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).
LON:RMG traded up GBX 0.90 ($0.01) during trading hours on Tuesday, hitting GBX 219.70 ($2.87). The company’s stock had a trading volume of 4,242,437 shares, compared to its average volume of 5,850,000. The company has a market capitalization of $2.20 billion and a PE ratio of 12.55. The company has a fifty day simple moving average of GBX 206.72. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 499.10 ($6.52).
The firm also recently announced a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid 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 a positive change from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio (DPR) is 1.43%.
In other news, insider Rico Back acquired 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have purchased a total of 251,839 shares of company stock worth $51,718,658 in the last three months.
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.
Further Reading: Capital Gains
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