Royal Mail PLC (LON:RMG) has received an average rating of “Hold” from the fourteen analysts that are presently covering the stock, reports. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 395.80 ($5.17).

RMG has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating on shares of Royal Mail in a research report on Tuesday, October 2nd. Royal Bank of Canada downgraded shares of Royal Mail to an “underperform” rating and cut their price target for the company from GBX 500 ($6.53) to GBX 315 ($4.12) in a report on Tuesday, October 9th. Barclays restated an “overweight” rating on shares of Royal Mail in a report on Thursday, November 22nd. Liberum Capital cut their price target on shares of Royal Mail from GBX 415 ($5.42) to GBX 250 ($3.27) and set a “sell” rating on the stock in a report on Tuesday, October 2nd. Finally, HSBC raised their price target on shares of Royal Mail from GBX 550 ($7.19) to GBX 552 ($7.21) and gave the company a “buy” rating in a report on Tuesday, September 11th.

RMG stock traded down GBX 3.10 ($0.04) during midday trading on Monday, reaching GBX 304.30 ($3.98). The company had a trading volume of 6,815,353 shares, compared to its average volume of 5,850,000. Royal Mail has a 1 year low of GBX 367.80 ($4.81) and a 1 year high of GBX 575 ($7.51).

Royal Mail (LON:RMG) last released its earnings results on Thursday, November 15th. The company reported GBX 13.60 ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 16.60 ($0.22) by GBX (3) (($0.04)).

The firm also recently declared a dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Thursday, December 6th will be issued a dividend of GBX 8 ($0.10) per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a dividend yield of 2.29%.

In other Royal Mail news, insider Rico Back purchased 112,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of GBX 318 ($4.16) per share, for a total transaction of £356,160 ($465,386.12).

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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