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Royal Mail plc (LON:RMG) has received a consensus rating of “Buy” from the eleven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 704.27 ($9.47).
A number of equities analysts have recently commented on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 625 ($8.40) price objective on shares of Royal Mail in a research note on Thursday, November 18th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 777 ($10.44) price objective on shares of Royal Mail in a research note on Thursday, December 16th. Berenberg Bank upgraded Royal Mail to a “buy” rating and lifted their price objective for the stock from GBX 530 ($7.12) to GBX 650 ($8.74) in a research note on Friday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 763 ($10.26) price objective on shares of Royal Mail in a research note on Friday, November 19th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 560 ($7.53) price objective on shares of Royal Mail in a research note on Tuesday, December 14th.
Shares of LON:RMG opened at GBX 506 ($6.80) on Friday. Royal Mail has a fifty-two week low of GBX 335.40 ($4.51) and a fifty-two week high of GBX 613.80 ($8.25). The business has a 50-day moving average of GBX 474.34 and a two-hundred day moving average of GBX 502.33. The stock has a market capitalization of £5.06 billion and a P/E ratio of 5.80. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.31 and a quick ratio of 1.28.
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The firm also recently announced a dividend, which will be paid on Wednesday, January 12th. Stockholders of record on Thursday, December 2nd will be issued a GBX 6.70 ($0.09) dividend. This represents a dividend yield of 1.53%. The ex-dividend date is Thursday, December 2nd. Royal Mail’s payout ratio is currently 0.11%.
Royal Mail Company Profile
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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