Royal Mail PLC (LON:RMG) Receives Consensus Recommendation of “Hold” from Analysts
Royal Mail PLC (LON:RMG) has received an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 482.40 ($6.30).
Several brokerages have recently weighed in on RMG. Liberum Capital reissued a “sell” rating and issued a GBX 400 ($5.22) price objective on shares of Royal Mail PLC in a research report on Thursday, April 13th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 550 ($7.18) price objective on shares of Royal Mail PLC in a research report on Thursday. Deutsche Bank AG reissued a “hold” rating and issued a GBX 450 ($5.88) price objective on shares of Royal Mail PLC in a research report on Monday, June 5th. Investec reissued a “buy” rating and issued a GBX 550 ($7.18) price objective on shares of Royal Mail PLC in a research report on Monday, May 22nd. Finally, Jefferies Group LLC dropped their price objective on shares of Royal Mail PLC from GBX 360 ($4.70) to GBX 330 ($4.31) and set an “underperform” rating on the stock in a research report on Friday, April 28th.
ILLEGAL ACTIVITY WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/07/21/royal-mail-plc-lonrmg-receives-consensus-recommendation-of-hold-from-analysts.html.
Royal Mail PLC (LON:RMG) traded down 1.03% on Friday, reaching GBX 394.00. 2,045,731 shares of the company were exchanged. Royal Mail PLC has a 12-month low of GBX 392.00 and a 12-month high of GBX 527.50. The firm’s market capitalization is GBX 3.90 billion. The stock has a 50 day moving average of GBX 425.77 and a 200 day moving average of GBX 421.59.
The company also recently disclosed a dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, June 29th will be paid a dividend of GBX 15.60 ($0.20) per share. This represents a yield of 3.62%. This is an increase from Royal Mail PLC’s previous dividend of $7.40. The ex-dividend date is Thursday, June 29th.
About Royal Mail PLC
Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.
Receive News & Ratings for Royal Mail PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail PLC and related companies with MarketBeat.com's FREE daily email newsletter.