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Zacks Investment Research upgraded shares of ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) from a hold rating to a buy rating in a report released on Thursday, Zacks.com reports. The brokerage currently has $5.50 price target on the stock.
According to Zacks, “Royal Mail plc is a provider of postal and delivery services. Its operating segment consists of UK Parcels, International and Letters, General Logistics Systems and Other. UKPIL segment collects and delivers parcels and letters predominantly. It provides collection and delivery services under the Royal Mail and Parcelforce Worldwide brands. GLS comprises European parcel business and is focused on the deferred parcels segment. Royal Mail plc is headquartered in London, the United Kingdom. “
A number of other analysts have also weighed in on the stock. Sanford C. Bernstein lowered shares of ROYAL MAIL PLC/ADR from an outperform rating to a market perform rating in a research report on Friday, November 29th. Berenberg Bank lowered shares of ROYAL MAIL PLC/ADR from a hold rating to a sell rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $5.50.
ROYAL MAIL PLC/ADR stock traded down $0.31 during midday trading on Thursday, reaching $4.61. The stock had a trading volume of 13,851 shares, compared to its average volume of 5,700. ROYAL MAIL PLC/ADR has a 52-week low of $4.49 and a 52-week high of $7.64. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 5.69 and a beta of 1.34. The company has a fifty day moving average of $5.63 and a 200 day moving average of $5.44.
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 30th. Investors of record on Friday, December 6th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, December 5th. ROYAL MAIL PLC/ADR’s dividend payout ratio (DPR) is currently 40.74%.
ROYAL MAIL PLC/ADR 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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