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Shares of Royal Mail plc (LON:RMG – Get Rating) have earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 426.88 ($5.10).
A number of brokerages have recently commented on RMG. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 240 ($2.87) price target on shares of Royal Mail in a research report on Thursday. Barclays reaffirmed an “overweight” rating and set a GBX 320 ($3.83) price target on shares of Royal Mail in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on Royal Mail from GBX 632 ($7.56) to GBX 360 ($4.30) and set an “overweight” rating on the stock in a research report on Thursday. Citigroup reaffirmed a “buy” rating and set a GBX 410 ($4.90) price target on shares of Royal Mail in a research report on Thursday. Finally, Berenberg Bank dropped their price objective on Royal Mail from GBX 575 ($6.87) to GBX 480 ($5.74) and set a “buy” rating on the stock in a report on Thursday.
Royal Mail Stock Up 0.3 %
Shares of LON RMG opened at GBX 290.80 ($3.48) on Wednesday. Royal Mail has a one year low of GBX 257.43 ($3.08) and a one year high of GBX 535.20 ($6.40). The company has a debt-to-equity ratio of 41.49, a current ratio of 1.10 and a quick ratio of 1.06. The business’s fifty day moving average price is GBX 290.44 and its 200-day moving average price is GBX 355.12. The stock has a market capitalization of £2.78 billion and a PE ratio of 476.72.
Royal Mail Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, September 6th. Investors of record on Thursday, July 28th will be issued a dividend of GBX 13.30 ($0.16) per share. This is a boost from Royal Mail’s previous dividend of $6.70. The ex-dividend date is Thursday, July 28th. This represents a yield of 3.88%. Royal Mail’s dividend payout ratio is 27.38%.
Royal Mail Company Profile
(Get Rating)
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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