Royal Mail (LON:RMG) Receives “Underperform” Rating from Jefferies Financial Group

Jefferies Financial Group reissued their underperform rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently commented on RMG. Barclays set a $34.00 target price on shares of DCP Midstream and gave the company a hold rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. started coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They set an overweight rating for the company. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the company a hold rating in a research note on Friday, June 28th. Liberum Capital reiterated a hold rating on shares of Daily Mail and General Trust P L C in a research note on Tuesday, July 2nd. Finally, Goldman Sachs Group cut shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Royal Mail has an average rating of Hold and an average target price of GBX 250.46 ($3.27).

LON:RMG opened at GBX 218 ($2.85) on Thursday. The firm has a market cap of $2.18 billion and a PE ratio of 12.46. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 499.10 ($6.52). The firm’s fifty day moving average is GBX 205.90. 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 firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. This is a boost from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio is currently 1.43%.

In other Royal Mail news, insider Rico Back acquired 51,702 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last 90 days, insiders bought 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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Analyst Recommendations for Royal Mail (LON:RMG)

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