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Royal Mail PLC (LON:RMG) declared a dividend on Thursday, November 21st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 7.50 ($0.10) per share on Wednesday, January 15th. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. The official announcement can be seen at this link.
Shares of Royal Mail stock opened at GBX 208.50 ($2.72) on Friday. The firm’s 50 day moving average price is GBX 217.65 and its 200-day moving average price is GBX 213.16. The company has a market cap of $2.09 billion and a P/E ratio of 6.46. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. Royal Mail has a 52-week low of GBX 186.80 ($2.44) and a 52-week high of GBX 347.50 ($4.54).
A number of research firms recently commented on RMG. Royal Bank of Canada lowered their target price on shares of Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price objective on shares of Royal Mail from GBX 192 ($2.51) to GBX 159 ($2.08) and set an “underweight” rating for the company in a research note on Friday, November 22nd. Sanford C. Bernstein cut shares of Royal Mail to a “market perform” rating and decreased their price objective for the company from GBX 250 ($3.27) to GBX 225 ($2.94) in a research note on Friday. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Finally, Liberum Capital decreased their target price on shares of Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a “sell” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 212.15 ($2.77).
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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