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Royal Mail plc (LON:RMG) has earned an average rating of “Buy” from the eleven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 704.09 ($9.50).
Several equities analysts recently issued reports on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 625 ($8.43) price objective on shares of Royal Mail in a research report on Thursday, November 18th. Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.77) target price on shares of Royal Mail in a research note on Tuesday, January 4th. Peel Hunt reiterated a “buy” rating and set a GBX 625 ($8.43) price objective on shares of Royal Mail in a research note on Thursday, November 18th. Citigroup reiterated a “buy” rating and set a GBX 1,000 ($13.49) price objective on shares of Royal Mail in a research note on Thursday, December 16th. Finally, Barclays reiterated an “overweight” rating and set a GBX 640 ($8.63) price objective on shares of Royal Mail in a research note on Tuesday.
Royal Mail stock opened at GBX 442.30 ($5.97) on Wednesday. The firm has a market capitalization of £4.41 billion and a P/E ratio of 5.07. Royal Mail has a 1 year low of GBX 385.80 ($5.21) and a 1 year high of GBX 613.80 ($8.28). The business has a 50-day moving average of GBX 497.49 and a 200-day moving average of GBX 491.53. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 43.81.
The business also recently announced a dividend, which was paid on Wednesday, January 12th. Stockholders of record on Thursday, December 2nd were issued a dividend of GBX 6.70 ($0.09) per share. This represents a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, December 2nd. Royal Mail’s dividend payout ratio (DPR) is currently 0.11%.
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About Royal Mail
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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