Royal Mail PLC (LON:RMG) Price Target Cut to GBX 385 by Analysts at Liberum Capital
A number of other equities analysts also recently issued reports on RMG. J P Morgan Chase & Co dropped their price objective on shares of Royal Mail PLC from GBX 565 ($7.38) to GBX 550 ($7.18) and set an overweight rating on the stock in a report on Monday, July 10th. Barclays PLC reaffirmed an overweight rating and set a GBX 535 ($6.99) price target on shares of Royal Mail PLC in a report on Monday, July 10th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 450 ($5.88) price target on shares of Royal Mail PLC in a report on Monday, June 5th. Investec reaffirmed a buy rating and set a GBX 550 ($7.18) price target on shares of Royal Mail PLC in a report on Monday, May 22nd. Finally, Jefferies Group LLC lowered their price target 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 report on Friday, April 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 482.40 ($6.30).
Shares of Royal Mail PLC (LON RMG) traded down 0.55% during mid-day trading on Friday, hitting GBX 398.80. 3,154,333 shares of the company were exchanged. Royal Mail PLC has a 52 week low of GBX 396.70 and a 52 week high of GBX 527.60. The company’s market capitalization is GBX 3.95 billion. The company has a 50 day moving average of GBX 433.77 and a 200 day moving average of GBX 426.03.
The business also recently disclosed a dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, June 29th will be given a dividend of GBX 15.60 ($0.20) per share. The ex-dividend date is Thursday, June 29th. This represents a dividend yield of 3.62%. This is a boost from Royal Mail PLC’s previous dividend of $7.40.
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.
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