Shares of Royal Mail PLC (LON:RMG) have received a consensus rating of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Eight 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 objective among analysts that have updated their coverage on the stock in the last year is GBX 403.30 ($5.27).
RMG has been the subject of a number of research reports. Liberum Capital dropped their target price on Royal Mail from GBX 415 ($5.42) to GBX 250 ($3.27) and set a “sell” rating for the company in a report on Tuesday, October 2nd. Citigroup reissued a “sell” rating and set a GBX 300 ($3.92) target price (down previously from GBX 485 ($6.34)) on shares of Royal Mail in a report on Tuesday, October 2nd. Deutsche Bank dropped their target price on Royal Mail from GBX 428 ($5.59) to GBX 300 ($3.92) and set a “sell” rating for the company in a report on Tuesday, October 2nd. UBS Group reissued a “neutral” rating on shares of Royal Mail in a report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Royal Mail from GBX 537 ($7.02) to GBX 341 ($4.46) and set an “underweight” rating for the company in a report on Tuesday, October 2nd.
RMG stock traded down GBX 39.90 ($0.52) during midday trading on Tuesday, reaching GBX 260.80 ($3.41). 14,504,956 shares of the company were exchanged, compared to its average volume of 5,850,000. Royal Mail has a one year low of GBX 367.80 ($4.81) and a one year high of GBX 575 ($7.51).
Royal Mail (LON:RMG) last released its quarterly earnings data on Thursday, November 15th. The company reported GBX 13.60 ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 16.60 ($0.22) by GBX (3) (($0.04)).
The company also recently announced a dividend, which was paid on Wednesday, January 16th. Stockholders of record on Thursday, December 6th were issued a dividend of GBX 8 ($0.10) per share. This represents a dividend yield of 2.29%. The ex-dividend date was Thursday, December 6th.
In related news, insider Rico Back purchased 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average price of GBX 290 ($3.79) per share, with a total value of £435,000 ($568,404.55).
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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