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Royal Mail PLC (LON:RMG) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 239.64 ($3.13).
A number of research analysts have commented on RMG shares. Goldman Sachs Group upgraded Royal Mail to a “buy” rating and decreased their price objective for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research report on Friday, May 24th. Berenberg Bank reiterated a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Wednesday, May 22nd. Liberum Capital upgraded Royal Mail to a “hold” rating and decreased their price objective for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. HSBC lowered Royal Mail to a “hold” rating and decreased their price objective for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Finally, Societe Generale upgraded Royal Mail to a “hold” rating and reduced their price target for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th.
RMG traded down GBX 0.40 ($0.01) during mid-day trading on Friday, reaching GBX 206.30 ($2.70). The stock had a trading volume of 4,825,760 shares, compared to its average volume of 5,850,000. The company has a market cap of $2.06 billion and a PE ratio of 11.79. 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 stock has a fifty day moving average price of GBX 217.48. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 511.80 ($6.69).
The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be given a GBX 17 ($0.22) dividend. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. The ex-dividend date is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is currently 1.43%.
In related news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders bought a total of 251,794 shares of company stock worth $51,708,848 over 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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