Liberum Capital restated their hold rating on shares of Royal Mail (LON:RMG) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.
RMG has been the subject of a number of other research reports. Jefferies Financial Group increased their target price on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a buy rating in a research report on Thursday, July 11th. Berenberg Bank reissued a hold rating and set a GBX 240 ($3.14) target price on shares of in a research report on Thursday, June 20th. HSBC reissued a hold rating on shares of Royal Mail in a research report on Friday, June 7th. Deutsche Bank increased their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They set an overweight rating for the company. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 250.46 ($3.27).
RMG opened at GBX 221.60 ($2.90) on Thursday. The business’s 50 day simple moving average is GBX 207.31. The firm has a market cap of $2.22 billion and a P/E ratio of 12.66. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 492.50 ($6.44). The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82.
The business also recently declared 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. This represents a yield of 7.43%. The ex-dividend date is Thursday, July 25th. This is a boost from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio is currently 1.43%.
In related news, insider Rico Back purchased 51,702 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was purchased 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 acquired 251,839 shares of company stock valued at $51,718,658.
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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