Royal Mail (LON:RMG) Stock Rating Upgraded by Societe Generale

Societe Generale upgraded shares of Royal Mail (LON:RMG) to a hold rating in a research note issued to investors on Friday, June 14th, ThisIsMoney.Co.Uk reports. They currently have GBX 208 ($2.72) price objective on the stock, down from their prior price objective of GBX 235 ($3.07).

Other equities analysts also recently issued reports about the stock. Goldman Sachs Group upgraded shares of Royal Mail to a buy rating and decreased their price objective for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Berenberg Bank reissued a hold rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a research report on Wednesday, May 22nd. Liberum Capital raised shares of Royal Mail to a hold rating and reduced their target price for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. HSBC cut shares of Royal Mail to a hold rating and reduced their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. raised shares of Royal Mail to a neutral rating and boosted their target price for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 250.46 ($3.27).

RMG traded down GBX 0.20 ($0.00) during trading on Friday, reaching GBX 211.90 ($2.77). 4,895,277 shares of the stock were exchanged, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 511.80 ($6.69). The company has a market cap of $2.12 billion and a PE ratio of 12.11. The business’s 50 day moving average price is GBX 211.82. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.

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 GBX 17 ($0.22) dividend. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio is currently 1.43%.

In other news, insider Rico Back acquired 51,702 shares of the stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders bought 251,794 shares of company stock valued at $51,708,848 in the last ninety days.

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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