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Societe Generale upgraded shares of Royal Mail (LON:RMG) to a hold rating in a research report report published on Friday, June 14th, ThisIsMoney.Co.Uk reports. The firm currently has GBX 208 ($2.72) target price on the stock, down from their previous target price of GBX 235 ($3.07).
A number of other analysts have also issued reports on RMG. Deutsche Bank reduced their price target on shares of Royal Mail from GBX 180 ($2.35) to GBX 150 ($1.96) and set a sell rating for the company in a research report on Tuesday, June 4th. HSBC downgraded Royal Mail to a hold rating and dropped their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a report on Friday, June 7th. Jefferies Financial Group dropped their price objective on Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an underperform rating on the stock in a report on Monday, June 3rd. Berenberg Bank upgraded Royal Mail to a hold rating and lowered their price target for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a report on Monday, April 1st. Finally, Liberum Capital restated a sell rating on shares of Royal Mail in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 250.46 ($3.27).
Shares of LON:RMG traded down GBX 1.10 ($0.01) during trading hours on Friday, hitting GBX 210.80 ($2.75). 3,703,590 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 506.80 ($6.62). The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company’s fifty day simple moving average is GBX 209.88. The stock has a market cap of $2.11 billion and a P/E ratio of 12.05.
The business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be issued a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.
In related news, insider Rico Back acquired 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last three months, insiders have acquired 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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