Shares of Royal Mail PLC (LON:RMG) have been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 400.80 ($5.24).
Several analysts have recently commented on the stock. Barclays reiterated an “overweight” rating on shares of Royal Mail in a research report on Thursday, November 22nd. Royal Bank of Canada upgraded shares of Royal Mail to a “sector performer” rating and set a GBX 500 ($6.53) price target on the stock in a research report on Thursday, November 22nd. Berenberg Bank lowered their price target on shares of Royal Mail from GBX 300 ($3.92) to GBX 280 ($3.66) and set a “sell” rating on the stock in a research report on Tuesday, November 20th. JPMorgan Chase & Co. lowered their price target on shares of Royal Mail from GBX 341 ($4.46) to GBX 285 ($3.72) and set a “neutral” rating on the stock in a research report on Monday, November 19th. Finally, Liberum Capital reiterated a “sell” rating on shares of Royal Mail in a research report on Thursday, November 15th.
In other news, insider Rico Back bought 112,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average price of GBX 318 ($4.16) per share, for a total transaction of £356,160 ($465,386.12).
Shares of Royal Mail stock opened at GBX 319.80 ($4.18) on Monday. Royal Mail has a 12-month low of GBX 367.80 ($4.81) and a 12-month high of GBX 575 ($7.51).
Royal Mail (LON:RMG) last released its quarterly earnings results on Thursday, November 15th. The company reported GBX 13.60 ($0.18) EPS for the quarter, missing the consensus estimate of GBX 16.60 ($0.22) by GBX (3) (($0.04)).
The company also recently announced a dividend, which will be paid on Wednesday, January 16th. Investors of record on Thursday, December 6th will be given a dividend of GBX 8 ($0.10) per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a yield of 2.29%.
Royal Mail Company Profile
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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