Royal Mail PLC Rating Reiterated by Espirito Santo Investment Bank Research (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “neutral” rating reiterated by research analysts at Espirito Santo Investment Bank Research in a report released on Tuesday. They currently have a GBX 505 ($8.60) price target on the stock. Espirito Santo Investment Bank Research’s price target would indicate a potential upside of 1.21% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated an “underperform” rating on shares of Royal Mail PLC in a research note on Tuesday. They now have a GBX 420 ($7.15) 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 Monday, June 23rd. They now have a GBX 460 ($7.84) price target on the stock. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Royal Mail PLC has a consensus rating of “Hold” and an average price target of GBX 596.64 ($10.16).
Shares of Royal Mail PLC (LON:RMG) traded down 1.56% on Tuesday, hitting GBX 491.20. The stock had a trading volume of 2,662,210 shares. Royal Mail PLC has a 52 week low of GBX 431.00 and a 52 week high of GBX 618.00. The stock has a 50-day moving average of GBX 518.1 and a 200-day moving average of GBX 556.9. The company’s market cap is £4.912 billion.
The company also recently declared a dividend, which is scheduled for Thursday, July 31st. Shareholders 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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