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Royal Mail plc (LON:RMG – Get Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 342.24 ($4.19) and traded as low as GBX 274.21 ($3.36). Royal Mail shares last traded at GBX 280.50 ($3.44), with a volume of 2,084,648 shares trading hands.
Analyst Ratings Changes
A number of research analysts have recently issued reports on RMG shares. Barclays reissued an “overweight” rating and issued a GBX 320 ($3.92) price objective on shares of Royal Mail in a research note on Thursday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 240 ($2.94) price objective on shares of Royal Mail in a research note on Thursday, July 21st. Citigroup reaffirmed a “buy” rating and issued a GBX 410 ($5.02) target price on shares of Royal Mail in a research report on Thursday, July 21st. JPMorgan Chase & Co. decreased their target price on Royal Mail from GBX 632 ($7.74) to GBX 360 ($4.41) and set an “overweight” rating for the company in a research report on Thursday, July 21st. Finally, Berenberg Bank decreased their target price on Royal Mail from GBX 575 ($7.05) to GBX 480 ($5.88) and set a “buy” rating for the company in a research report on Thursday, July 21st. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 426.88 ($5.23).
Royal Mail Trading Up 1.8 %
The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 41.49. The firm has a 50 day moving average of GBX 283.89 and a 200 day moving average of GBX 342.24. The firm has a market cap of £2.68 billion and a PE ratio of 459.84.
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 an increase from Royal Mail’s previous dividend of $6.70. The ex-dividend date of this dividend is Thursday, July 28th. This represents a yield of 3.88%. Royal Mail’s dividend payout ratio is presently 27.38%.
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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