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Shares of Royal Mail PLC (LON:RMG) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 230.22 ($3.03).
Several equities analysts have recently commented on the company. Liberum Capital restated a “sell” rating on shares of Royal Mail in a research note on Monday. Barclays reiterated an “overweight” rating and set a GBX 250 ($3.29) target price on shares of Royal Mail in a report on Thursday, November 21st. Goldman Sachs Group cut their target price on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating on the stock in a research report on Monday, November 25th. Societe Generale reduced their price objective on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a research note on Wednesday, December 4th. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th.
Royal Mail stock traded up GBX 3 ($0.04) during trading hours on Friday, hitting GBX 238.10 ($3.13). The company had a trading volume of 6,943,890 shares, compared to its average volume of 5,850,000. The firm has a market cap of $2.38 billion and a P/E ratio of 7.37. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. Royal Mail has a 1 year low of GBX 186.80 ($2.46) and a 1 year high of GBX 308.50 ($4.06). The company has a 50-day moving average price of GBX 221.04 and a two-hundred day moving average price of GBX 212.67.
The business also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a GBX 7.50 ($0.10) dividend. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s payout ratio is 0.74%.
In related news, insider Rico Back purchased 300,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Over the last quarter, insiders have purchased 300,083 shares of company stock valued at $70,219,890.
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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