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Royal Mail plc (LON:RMG – Get Rating)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 363.06 ($4.32) and traded as low as GBX 264.80 ($3.15). Royal Mail shares last traded at GBX 275.20 ($3.27), with a volume of 2,866,568 shares changing hands.
Analyst Ratings Changes
RMG has been the topic of several recent research reports. Berenberg Bank dropped their target price on Royal Mail from GBX 650 ($7.73) to GBX 575 ($6.84) and set a “buy” rating on the stock in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 240 ($2.85) target price on shares of Royal Mail in a research note on Thursday, June 23rd. Citigroup reissued a “buy” rating and issued a GBX 790 ($9.40) target price on shares of Royal Mail in a research note on Thursday, May 12th. Barclays reduced their target price on Royal Mail from GBX 400 ($4.76) to GBX 320 ($3.81) and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Finally, JPMorgan Chase & Co. reduced their target price on Royal Mail from GBX 702 ($8.35) to GBX 632 ($7.52) and set an “overweight” rating on the stock in a research note on Monday, May 23rd. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 520.25 ($6.19).
Royal Mail Trading Up 4.0 %
The company has a quick ratio of 1.06, a current ratio of 1.10 and a debt-to-equity ratio of 41.49. The stock’s fifty day moving average price is GBX 294.59 and its two-hundred day moving average price is GBX 363.06. The company has a market capitalization of £2.63 billion and a PE ratio of 451.15.
Royal Mail Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Thursday, July 28th will be issued a dividend of GBX 13.30 ($0.16) per share. This is a positive change from Royal Mail’s previous dividend of $6.70. This represents a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, July 28th. Royal Mail’s dividend payout ratio is currently 3,278.69%.
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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