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Royal Mail PLC (LON:RMG) has received a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 227.75 ($3.00).
RMG has been the topic of several research analyst reports. Goldman Sachs Group lowered 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 report on Monday, November 25th. Barclays reaffirmed an “overweight” rating on shares of Royal Mail in a research note on Friday. Societe Generale reduced their price target on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating on the stock in a report on Wednesday, December 4th. Liberum Capital reiterated a “sell” rating on shares of Royal Mail in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating for the company in a report on Friday, November 22nd.
RMG traded down GBX 5 ($0.07) during trading on Tuesday, reaching GBX 220.80 ($2.90). 2,977,393 shares of the company traded hands, compared to its average volume of 5,850,000. The company has a market cap of $2.21 billion and a P/E ratio of 6.84. 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 12-month low of GBX 186.80 ($2.46) and a 12-month high of GBX 308.50 ($4.06). The firm has a fifty day simple moving average of GBX 224.63 and a 200 day simple moving average of GBX 215.82.
The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be given a GBX 7.50 ($0.10) dividend. This represents a yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio is presently 0.74%.
In other Royal Mail news, insider Rico Back purchased 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders purchased 300,083 shares of company stock worth $70,219,890 in the last 90 days.
Royal Mail Company Profile
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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