Royal Mail PLC (RMG) Receives GBX 289.50 Average Price Target from Brokerages

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Shares of Royal Mail PLC (LON:RMG) have received a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 284 ($3.71).

RMG has been the subject of several research analyst reports. HSBC upgraded shares of Royal Mail to a “buy” rating and lowered their price objective for the company from GBX 347 ($4.53) to GBX 300 ($3.92) in a research note on Monday, February 4th. Liberum Capital reiterated a “sell” rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research note on Wednesday, May 22nd. UBS Group reiterated a “neutral” rating and issued a GBX 282 ($3.68) price objective (down previously from GBX 354 ($4.63)) on shares of Royal Mail in a research note on Monday, February 11th. JPMorgan Chase & Co. lowered their price objective on shares of Royal Mail from GBX 285 ($3.72) to GBX 241 ($3.15) and set an “underweight” rating for the company in a research note on Wednesday, January 30th. Finally, Barclays lowered their price objective on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating for the company in a research note on Wednesday, May 22nd.

Shares of LON:RMG traded up GBX 2.80 ($0.04) during mid-day trading on Monday, hitting GBX 205.30 ($2.68). The company had a trading volume of 5,687,277 shares, compared to its average volume of 5,850,000. The firm has a market capitalization of $2.05 billion and a P/E ratio of 21.84. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 16.69. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 520.20 ($6.80).

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

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