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Royal Mail PLC (LON:RMG) announced a dividend on Thursday, November 21st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 7.50 ($0.10) per share on Wednesday, January 15th. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. The official announcement can be accessed at this link.
LON RMG opened at GBX 238 ($3.13) on Thursday. The stock has a market capitalization of $2.38 billion and a price-to-earnings ratio of 7.37. Royal Mail has a twelve month low of GBX 186.80 ($2.46) and a twelve month high of GBX 308.50 ($4.06). The stock has a 50-day moving average of GBX 220.56 and a 200 day moving average of GBX 212.54. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 32.69.
In other Royal Mail news, insider Rico Back bought 300,000 shares of Royal Mail stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20). Insiders bought 300,083 shares of company stock valued at $70,219,890 over the last quarter.
RMG has been the topic of a number of recent analyst reports. Societe Generale decreased their target price on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a report on Monday. Royal Bank of Canada reduced their price objective on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Finally, 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 for the company in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
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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