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Shares of Royal Mail PLC (LON:RMG) have been assigned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 268.71 ($3.51).
A number of brokerages recently issued reports on RMG. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research report on Friday, July 12th. Berenberg Bank restated a “hold” rating and issued a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Thursday, June 20th. Morgan Stanley upgraded Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. Goldman Sachs Group restated a “buy” rating on shares of Royal Mail in a research report on Monday, June 10th. Finally, Credit Suisse Group lowered their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a research report on Wednesday, May 29th.
In other Royal Mail news, insider Rico Back bought 51,702 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last quarter, insiders have bought 251,839 shares of company stock valued at $51,718,658.
RMG stock opened at GBX 209 ($2.73) on Friday. The stock has a market capitalization of $2.08 billion and a price-to-earnings ratio of 11.94. The firm has a fifty day simple moving average of GBX 212.11. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 492.50 ($6.44). 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 firm also recently announced 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 represents a dividend yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is 1.43%.
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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