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Jefferies Financial Group reissued their underperform rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Thursday, July 11th, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the company. Goldman Sachs Group reissued a buy rating on shares of Royal Mail in a report on Monday, June 10th. Credit Suisse Group dropped their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a research report on Wednesday, May 29th. Liberum Capital restated a hold rating on shares of Royal Mail in a research report on Tuesday, July 2nd. Barclays dropped their price target on Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating on the stock in a research report on Wednesday, May 22nd. Finally, Berenberg Bank restated a hold rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Thursday, June 20th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 250.46 ($3.27).
Shares of Royal Mail stock traded down GBX 1.70 ($0.02) on Thursday, hitting GBX 211.10 ($2.76). The stock had a trading volume of 3,885,220 shares, compared to its average volume of 5,850,000. Royal Mail has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 492.50 ($6.44). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The firm has a market cap of $2.11 billion and a PE ratio of 12.06. The business has a 50 day moving average price of GBX 211.32.
The firm also recently announced 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 is a boost from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. This represents a yield of 7.43%. Royal Mail’s payout ratio is presently 1.43%.
In other news, insider Rico Back purchased 200,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired 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 251,839 shares of company stock worth $51,718,658 in the last quarter.
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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