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Royal Mail PLC (LON:RMG) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 268.71 ($3.51).
Several equities analysts have recently issued reports on RMG shares. Credit Suisse Group set a €80.00 ($93.02) price target on shares of Siltronic and gave the company a “neutral” rating in a report on Wednesday, May 29th. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Barclays reaffirmed a “hold” rating and issued a $102.00 target price on shares of Cboe Global Markets in a research note on Friday. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 240 ($3.14) target price on shares of in a research note on Thursday, June 20th. Finally, Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th.
In related news, insider Rico Back bought 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last ninety days, insiders purchased 251,794 shares of company stock valued at $51,708,848.
Shares of RMG stock opened at GBX 217.60 ($2.84) on Tuesday. Royal Mail has a 12-month low of GBX 192 ($2.51) and a 12-month high of GBX 499.10 ($6.52). The firm has a market cap of $2.18 billion and a price-to-earnings ratio of 12.43. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The company has a fifty day moving average price of GBX 206.33.
The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio is presently 1.43%.
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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