Royal Mail plc (OTCMKTS:ROYMY) Given Average Recommendation of “Hold” by Brokerages

Shares of Royal Mail plc (OTCMKTS:ROYMY – Get Rating) have received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $362.00.

ROYMY has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on Royal Mail from GBX 632 ($7.64) to GBX 360 ($4.35) in a research note on Thursday, July 21st. Berenberg Bank lowered their target price on shares of Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) in a research note on Friday, July 22nd. Citigroup dropped their target price on shares of Royal Mail from GBX 710 ($8.58) to GBX 410 ($4.95) in a report on Thursday, July 21st. Barclays lowered their price objective on shares of Royal Mail from GBX 400 ($4.83) to GBX 320 ($3.87) in a research report on Wednesday, June 29th. Finally, Sanford C. Bernstein cut shares of Royal Mail from an “outperform” rating to a “market perform” rating in a report on Friday, May 27th.

Royal Mail Stock Down 0.3 %

Shares of OTCMKTS:ROYMY opened at $6.70 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.10 and a quick ratio of 1.09. Royal Mail has a 12-month low of $6.06 and a 12-month high of $14.40. The stock’s 50-day moving average price is $6.81 and its two-hundred day moving average price is $8.52.

Royal Mail Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, September 21st. Investors of record on Friday, July 29th will be issued a dividend of $0.2698 per share. This represents a dividend yield of 13.91%. This is a positive change from Royal Mail’s previous dividend of $0.22. The ex-dividend date is Thursday, July 28th.

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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