Royal Mail (LON:RMG) Upgraded at Societe Generale

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

A number of other research analysts have also recently commented on RMG. Liberum Capital raised Royal Mail to a hold rating and lowered their price target for the stock from GBX 240 ($3.14) to GBX 185 ($2.42) in a report on Friday, May 24th. Credit Suisse Group decreased their price objective on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a report on Wednesday, May 29th. JPMorgan Chase & Co. raised Royal Mail to a neutral rating and upped their price objective for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a report on Tuesday, June 4th. Berenberg Bank reissued a hold rating and set a GBX 240 ($3.14) target price on shares of Royal Mail in a research report on Wednesday, May 22nd. Finally, Goldman Sachs Group raised Royal Mail to a buy rating and cut their target price for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research report on Friday, May 24th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 250.46 ($3.27).

LON RMG traded down GBX 0.90 ($0.01) during trading hours on Friday, hitting GBX 209.90 ($2.74). The company’s stock had a trading volume of 3,443,720 shares, compared to its average volume of 5,850,000. The stock has a 50 day moving average price of GBX 209.88. The company has a market capitalization of $2.10 billion and a P/E ratio of 11.99. Royal Mail has a 12 month low of GBX 192 ($2.51) and a 12 month high of GBX 506.80 ($6.62). 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 declared a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio is presently 1.43%.

In related news, insider Rico Back acquired 51,702 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders have bought a total of 251,794 shares of company stock worth $51,708,848 in the last three months.

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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