Royal Mail PLC Receives Average Recommendation of “Hold” from Brokerages (LON:RMG)
Royal Mail PLC (LON:RMG) has earned an average recommendation of “Hold” from the fifteen brokerages that are covering the company, Stock Ratings Network.com reports. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 600.57 ($10.19).
A number of analysts have recently weighed in on RMG shares. Analysts at Jefferies Group initiated coverage on shares of Royal Mail PLC in a research note on Wednesday. They set an “underperform” rating and a GBX 420 ($7.13) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Royal Mail PLC in a research note on Wednesday, June 4th. They now have a GBX 460 ($7.81) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe cut their price target on shares of Royal Mail PLC from GBX 500 ($8.49) to GBX 480 ($8.15) in a research note on Wednesday, May 28th. They now have a “sell” rating on the stock.
Shares of Royal Mail PLC (LON:RMG) opened at 480.10 on Wednesday. Royal Mail PLC has a 52-week low of GBX 431.00 and a 52-week high of GBX 618.00. The stock’s 50-day moving average is GBX 529.9 and its 200-day moving average is GBX 563.0. The company’s market cap is £4.801 billion.
The company also recently declared a dividend, which is scheduled for Thursday, July 31st. Investors of record on Wednesday, July 2nd will be given a dividend of GBX 13.30 ($0.23) per share. This represents a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, July 2nd.
Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.
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