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Berenberg Bank reiterated their hold rating on shares of Royal Mail (LON:RMG) in a report released on Thursday, June 20th, Digital Look reports. They currently have a GBX 240 ($3.14) price target on the stock.
Other research analysts also recently issued reports about the company. Societe Generale raised Royal Mail to a hold rating and dropped their price target for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Credit Suisse Group dropped their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating on the stock in a research note on Wednesday, May 29th. Liberum Capital raised Royal Mail to a hold rating and decreased their price objective for the stock from GBX 240 ($3.14) to GBX 185 ($2.42) in a report on Friday, May 24th. Goldman Sachs Group raised Royal Mail to a buy rating and decreased their price objective for the stock from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Finally, Deutsche Bank decreased their price objective on Royal Mail from GBX 180 ($2.35) to GBX 150 ($1.96) and set a sell rating for the company in a report on Tuesday, June 4th. Four investment 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’s stock. The company has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).
Shares of LON:RMG opened at GBX 213.30 ($2.79) on Thursday. The company has a 50-day simple moving average of GBX 212.42. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 511.80 ($6.69). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The firm has a market cap of $2.12 billion and a P/E ratio of 12.19.
The firm also recently announced a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. The ex-dividend date is Thursday, July 25th. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio is currently 1.43%.
In other Royal Mail news, insider Rico Back bought 200,000 shares of Royal Mail stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). Over the last ninety days, insiders bought 251,794 shares of company stock valued at $51,708,848.
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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