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Liberum Capital reissued their hold rating on shares of Royal Mail (LON:RMG) in a report issued on Wednesday morning, Digital Look reports. They currently have a GBX 185 ($2.42) price objective on the stock.
Other research analysts also recently issued reports about the company. Berenberg Bank restated a hold rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a research note on Thursday, June 20th. Goldman Sachs Group restated a buy rating on shares of Royal Mail in a research note on Monday, June 10th. Jefferies Financial Group lowered their price objective on Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an underperform rating for the company in a research note on Monday, June 3rd. HSBC downgraded Royal Mail to a hold rating and lowered their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. upgraded Royal Mail to a neutral rating and upped their price objective for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Royal Mail currently has a consensus rating of Hold and an average price target of GBX 250.46 ($3.27).
Shares of LON RMG opened at GBX 210.28 ($2.75) on Wednesday. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 511.80 ($6.69). The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The company has a market cap of $2.07 billion and a P/E ratio of 12.02. The firm has a 50 day moving average price of GBX 213.01.
The firm also recently declared a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This represents a 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 payout ratio is 1.43%.
In other Royal Mail news, insider Rico Back purchased 200,000 shares of Royal Mail stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders have acquired a total of 251,794 shares of company stock valued at $51,708,848 in the last quarter.
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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