Berenberg Bank Reiterates Hold Rating for Royal Mail (LON:RMG)

Berenberg Bank reissued their hold rating on shares of Royal Mail (LON:RMG) in a report published on Thursday morning, Digital Look reports. The firm currently has a GBX 240 ($3.14) price objective on the stock.

A number of other equities research analysts have also issued reports on RMG. Liberum Capital restated a sell rating on shares of Royal Mail in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. restated an underweight rating on shares of Royal Mail in a research report on Wednesday, May 15th. Barclays dropped their price target on Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an overweight rating for the company in a research report on Wednesday, May 22nd. Goldman Sachs Group upgraded Royal Mail to a buy rating and dropped their price target for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research report on Friday, May 24th. Finally, Credit Suisse Group dropped their price target on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an underperform rating for the company in a research report on Wednesday, May 29th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Royal Mail currently has a consensus rating of Hold and a consensus price target of GBX 250.46 ($3.27).

RMG stock opened at GBX 206.70 ($2.70) on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The company has a market capitalization of $2.07 billion and a PE ratio of 11.81. Royal Mail has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 511.80 ($6.69).

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be given a GBX 17 ($0.22) dividend. This represents a yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s dividend payout ratio is presently 1.43%.

In other Royal Mail news, insider Rico Back acquired 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders purchased 251,794 shares of company stock valued at $51,708,848 over the last quarter.

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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Analyst Recommendations for Royal Mail (LON:RMG)

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