Royal Mail PLC (LON:RMG) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, reports. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 261 ($3.41).

A number of equities analysts recently commented on RMG shares. Liberum Capital upgraded Royal Mail to a “hold” rating and reduced their price target for the stock from GBX 240 ($3.14) to GBX 185 ($2.42) in a report on Friday, May 24th. UBS Group reiterated a “neutral” rating and set a GBX 282 ($3.68) price target (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a report on Monday, February 11th. HSBC upgraded Royal Mail to a “buy” rating and reduced their price target for the stock from GBX 347 ($4.53) to GBX 300 ($3.92) in a report on Monday, February 4th. Berenberg Bank upgraded Royal Mail to a “hold” rating and reduced their price target for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a report on Monday, April 1st. Finally, Credit Suisse Group reduced their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a report on Wednesday, May 29th.

Royal Mail stock traded down GBX 10.70 ($0.14) during midday trading on Monday, reaching GBX 194.50 ($2.54). 8,914,895 shares of the company’s stock were exchanged, 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 520.20 ($6.80). The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.74 and a current ratio of 0.78. The stock has a market capitalization of $1.95 billion and a P/E ratio of 20.69.

The business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. The ex-dividend date is Thursday, July 25th. This is an increase from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. Royal Mail’s dividend payout ratio (DPR) is 2.55%.

In related news, insider Rico Back acquired 200,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average cost of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders have acquired 200,081 shares of company stock valued at $41,420,137 over the last 90 days.

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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Analyst Recommendations for Royal Mail (LON:RMG)

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