Royal Mail PLC (LON:RMG) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Royal Mail PLC (LON:RMG) have been given an average rating of “Hold” by the eleven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 482.89 ($6.27).
A number of equities research analysts have commented on RMG shares. Jefferies Group LLC reduced their target price on Royal Mail PLC from GBX 360 ($4.67) to GBX 330 ($4.28) and set an “underperform” rating for the company in a report on Friday, April 28th. Investec reissued a “buy” rating and issued a GBX 550 ($7.14) target price on shares of Royal Mail PLC in a report on Monday, May 22nd. Barclays PLC reissued an “overweight” rating and issued a GBX 535 ($6.95) target price on shares of Royal Mail PLC in a report on Monday, June 26th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 565 ($7.33) target price on shares of Royal Mail PLC in a report on Friday, June 2nd. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 400 ($5.19) target price on shares of Royal Mail PLC in a report on Thursday, May 11th.
Shares of Royal Mail PLC (LON RMG) opened at 399.80 on Tuesday. Royal Mail PLC has a one year low of GBX 390.10 and a one year high of GBX 527.50. The company has a 50-day moving average of GBX 406.96 and a 200 day moving average of GBX 416.25. The stock’s market cap is GBX 3.96 billion.
The business also recently disclosed a dividend, which was paid on Friday, July 28th. Investors of record on Thursday, June 29th were given a dividend of GBX 15.60 ($0.20) per share. This represents a yield of 3.62%. The ex-dividend date of this dividend was Thursday, June 29th. This is a boost from Royal Mail PLC’s previous dividend of $7.40.
Royal Mail PLC Company Profile
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.
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