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Deutsche Bank restated their sell rating on shares of Royal Mail (LON:RMG) in a report published on Friday, June 28th, ThisIsMoney.Co.Uk reports.
A number of other equities analysts also recently issued reports on the stock. Jefferies Financial Group reiterated a buy rating and issued a GBX 3,000 ($39.20) price target on shares of in a report on Monday, June 3rd. Goldman Sachs Group cut shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. Credit Suisse Group set a €80.00 ($93.02) price objective on shares of Siltronic and gave the company a neutral rating in a research note on Wednesday, May 29th. HSBC reaffirmed a hold rating on shares of Royal Mail in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. started coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They set an overweight rating on the stock. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded up GBX 5.50 ($0.07) during trading hours on Friday, hitting GBX 221.60 ($2.90). The company had a trading volume of 3,774,136 shares, compared to its average volume of 5,850,000. The firm has a market cap of $2.22 billion and a P/E ratio of 12.66. The company’s 50-day moving average price is GBX 207.31. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 499.10 ($6.52).
The company also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio (DPR) is currently 1.43%.
In related news, insider Rico Back purchased 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last 90 days, insiders purchased 251,839 shares of company stock valued at $51,718,658.
About Royal Mail
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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