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Societe Generale upgraded shares of Royal Mail (LON:RMG) to a hold rating in a research note released on Friday, June 14th, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 208 ($2.72) target price on the stock, down from their previous target price of GBX 235 ($3.07).
Several other analysts have also recently commented on RMG. Liberum Capital raised shares of Royal Mail to a hold rating and decreased their price target for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research note on Friday, May 24th. Berenberg Bank reissued a hold rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Wednesday, May 22nd. Credit Suisse Group decreased their price target on shares of 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. Goldman Sachs Group raised shares of Royal Mail to a buy rating and decreased their price target for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research note on Friday, May 24th. Finally, Barclays cut their price objective on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating on the stock in a report on Wednesday, May 22nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).
Shares of Royal Mail stock opened at GBX 206.70 ($2.70) on Friday. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The stock has a market cap of $2.07 billion and a price-to-earnings ratio of 11.81. 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 also recently announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio (DPR) is 1.43%.
In other news, insider Rico Back bought 51,702 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last quarter, insiders acquired 251,794 shares of company stock worth $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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