Shares of Royal Mail PLC (LON:RMG) have received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 443.08 ($6.21).
Several equities research analysts recently issued reports on RMG shares. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 530 ($7.43) price objective on shares of Royal Mail in a research note on Tuesday, January 16th. reissued a “buy” rating and set a GBX 465 ($6.52) price objective on shares of Royal Mail in a research note on Tuesday, October 10th. Liberum Capital reissued a “sell” rating and set a GBX 370 ($5.19) price objective on shares of Royal Mail in a research note on Monday, January 15th. Morgan Stanley lifted their price objective on Royal Mail from GBX 385 ($5.40) to GBX 390 ($5.47) and gave the company an “underweight” rating in a research note on Wednesday, November 22nd. Finally, Jefferies Group reissued an “underperform” rating and set a GBX 320 ($4.49) price objective on shares of Royal Mail in a research note on Thursday, November 9th.
Shares of Royal Mail (LON:RMG) opened at GBX 512.80 ($7.19) on Tuesday. The stock has a market capitalization of $5,130.00 and a price-to-earnings ratio of 1,424.44. Royal Mail has a 52 week low of GBX 367.80 ($5.16) and a 52 week high of GBX 515.40 ($7.23).
The company also recently declared a dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 7th were paid a dividend of GBX 7.70 ($0.11) per share. This represents a yield of 1.86%. The ex-dividend date of this dividend was Thursday, December 7th.
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Royal Mail 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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