Royal Mail plc (LON:RMG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Royal Mail plc (LON:RMG – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 433.86 ($5.24).

A number of brokerages have commented on RMG. Barclays reiterated an “overweight” rating and set a GBX 320 ($3.87) price target on shares of Royal Mail in a research report on Thursday. Berenberg Bank reduced their price target on shares of Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) and set a “buy” rating on the stock in a research report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Royal Mail from GBX 240 ($2.90) to GBX 222 ($2.68) and set a “sell” rating on the stock in a research report on Thursday, August 4th. Citigroup reiterated a “buy” rating and set a GBX 410 ($4.95) price target on shares of Royal Mail in a research report on Thursday, July 21st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Royal Mail in a research report on Wednesday.

Royal Mail Trading Up 0.1 %

Shares of RMG opened at GBX 268.40 ($3.24) on Friday. The firm’s 50 day simple moving average is GBX 278.22 and its 200 day simple moving average is GBX 331.80. The company has a market capitalization of £2.57 billion and a P/E ratio of 440.00. The company has a debt-to-equity ratio of 41.49, a current ratio of 1.10 and a quick ratio of 1.02. Royal Mail has a 1-year low of GBX 255.50 ($3.09) and a 1-year high of GBX 531.40 ($6.42).

Royal Mail Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Thursday, July 28th will be issued a GBX 13.30 ($0.16) dividend. This is a boost from Royal Mail’s previous dividend of $6.70. The ex-dividend date of this dividend is Thursday, July 28th. This represents a dividend yield of 3.88%. Royal Mail’s dividend payout ratio (DPR) is currently 3,278.69%.

Royal Mail Company Profile

(Get Rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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