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Jefferies Financial Group reissued their underperform rating on shares of Royal Mail (LON:RMG) in a report issued on Thursday, July 11th, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently issued reports on RMG. Berenberg Bank restated a hold rating and issued a GBX 240 ($3.14) price target on shares of in a report on Thursday, June 20th. Societe Generale upgraded Royal Mail from a sell rating to a hold rating in a report on Friday, June 14th. Liberum Capital reissued a hold rating on shares of Daily Mail and General Trust P L C in a research report on Tuesday, July 2nd. Credit Suisse Group set a €80.00 ($93.02) price target on Siltronic and gave the company a neutral rating in a research report on Wednesday, May 29th. Finally, Barclays set a $34.00 price target on DCP Midstream and gave the company a hold rating in a research report on Wednesday, May 22nd. Four 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 stock. The stock presently has an average rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of RMG opened at GBX 208.20 ($2.72) on Thursday. Royal Mail has a 12-month low of GBX 192 ($2.51) and a 12-month high of GBX 492.50 ($6.44). The firm’s fifty day moving average price is GBX 209.51. The firm has a market capitalization of $2.08 billion and a price-to-earnings ratio of 11.90. 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 firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be given a GBX 17 ($0.22) dividend. This represents a dividend yield of 7.43%. This is a boost from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In other 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 cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last three months, insiders have purchased 251,839 shares of company stock valued at $51,718,658.
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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