Royal Mail PLC (RMG) Receives Average Rating of “Hold” from Brokerages
Royal Mail PLC (LON:RMG) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 482.89 ($6.27).
Several research analysts have weighed in on RMG shares. Investec reaffirmed a “buy” rating and issued a GBX 550 ($7.14) target price on shares of Royal Mail PLC in a research report on Monday, May 22nd. HSBC Holdings plc raised Royal Mail PLC to a “buy” rating and dropped their target price for the stock from GBX 475 ($6.17) to GBX 465 ($6.04) in a research report on Monday, July 31st. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 450 ($5.84) target price on shares of Royal Mail PLC in a research report on Monday, June 5th. J P Morgan Chase & Co upped their target price on Royal Mail PLC from GBX 545 ($7.08) to GBX 565 ($7.33) and gave the stock an “overweight” rating in a research report on Friday, May 19th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 535 ($6.95) target price on shares of Royal Mail PLC in a research report on Monday, July 10th.
Royal Mail PLC (RMG) opened at 399.80 on Tuesday. The firm’s market capitalization is GBX 3.96 billion. Royal Mail PLC has a 1-year low of GBX 390.10 and a 1-year high of GBX 527.50. The stock has a 50 day moving average price of GBX 406.96 and a 200 day moving average price of GBX 416.25.
The firm also recently announced a dividend, which was paid on Friday, July 28th. Investors of record on Thursday, June 29th were paid a dividend of GBX 15.60 ($0.20) per share. This is an increase from Royal Mail PLC’s previous dividend of $7.40. The ex-dividend date was Thursday, June 29th. This represents a yield of 3.62%.
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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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