Royal Mail (RMG) Hits New 12-Month High at $534.40

Shares of Royal Mail PLC (LON:RMG) hit a new 52-week high on Wednesday . The company traded as high as GBX 534.40 ($7.49) and last traded at GBX 532 ($7.46), with a volume of 9222807 shares trading hands. The stock had previously closed at GBX 532 ($7.46).

A number of brokerages have weighed in on RMG. Liberum Capital restated a “sell” rating and issued a GBX 370 ($5.19) target price on shares of Royal Mail in a research report on Thursday, December 7th. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research report on Friday, January 19th. Berenberg Bank assumed coverage on shares of Royal Mail in a research report on Tuesday, October 31st. They issued a “hold” rating and a GBX 375 ($5.26) target price on the stock. Jefferies Group reiterated an “underperform” rating and set a GBX 300 ($4.21) price target on shares of Royal Mail in a report on Thursday, December 7th. Finally, Barclays cut their price target on shares of Royal Mail from GBX 535 ($7.50) to GBX 485 ($6.80) and set an “overweight” rating on the stock in a report on Friday, January 5th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 443.08 ($6.21).

The company has a market capitalization of $5,250.00 and a P/E ratio of 1,461.11.

The business also recently declared a dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 7th were paid a GBX 7.70 ($0.11) dividend. 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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