Royal Mail’s (RMG) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Royal Mail (LON:RMG – Get Rating) in a research report sent to investors on Wednesday morning, MarketBeat reports.

A number of other research firms also recently issued reports on RMG. Berenberg Bank decreased their price objective on Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) and set a buy rating for the company in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Royal Mail from GBX 240 ($2.90) to GBX 222 ($2.68) and set a sell rating for the company in a report on Thursday, August 4th. Citigroup reiterated a buy rating and issued a GBX 410 ($4.95) price objective on shares of Royal Mail in a report on Thursday, July 21st. Finally, Barclays reiterated an overweight rating and issued a GBX 320 ($3.87) price objective on shares of Royal Mail in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Royal Mail has an average rating of Moderate Buy and a consensus target price of GBX 424.63 ($5.13).

Royal Mail Trading Up 0.1 %

RMG opened at GBX 268.40 ($3.24) on Wednesday. The stock has a market cap of £2.57 billion and a PE ratio of 440.00. The business has a 50 day moving average of GBX 278.22 and a 200-day moving average of GBX 332.48. Royal Mail has a 52 week low of GBX 255.50 ($3.09) and a 52 week high of GBX 531.40 ($6.42). The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 41.49.

Royal Mail Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Thursday, July 28th will be issued a dividend of GBX 13.30 ($0.16) per share. The ex-dividend date of this dividend is Thursday, July 28th. This is an increase from Royal Mail’s previous dividend of $6.70. This represents a dividend yield of 3.88%. Royal Mail’s dividend payout ratio (DPR) is presently 3,278.69%.

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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