Royal Mail PLC (LON:RMG) has earned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 395.80 ($5.17).
RMG has been the subject of a number of research reports. HSBC lifted their price target on Royal Mail from GBX 550 ($7.19) to GBX 552 ($7.21) and gave the stock a “buy” rating in a research note on Tuesday, September 11th. UBS Group reiterated a “neutral” rating and issued a GBX 354 ($4.63) price target (down from GBX 528 ($6.90)) on shares of Royal Mail in a research note on Monday, October 8th. JPMorgan Chase & Co. decreased their price target on Royal Mail from GBX 341 ($4.46) to GBX 285 ($3.72) and set a “neutral” rating for the company in a research note on Monday, November 19th. Barclays decreased their price target on Royal Mail from GBX 605 ($7.91) to GBX 410 ($5.36) and set an “overweight” rating for the company in a research note on Wednesday, October 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Royal Mail in a research note on Monday, October 1st.
In related news, insider Rico Back bought 112,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was bought at an average cost of GBX 318 ($4.16) per share, for a total transaction of £356,160 ($465,386.12).
Shares of Royal Mail stock traded down GBX 0.90 ($0.01) during trading hours on Monday, hitting GBX 303.80 ($3.97). 7,239,461 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. Royal Mail has a twelve month low of GBX 367.80 ($4.81) and a twelve month high of GBX 575 ($7.51).
Royal Mail (LON:RMG) last announced its earnings results on Thursday, November 15th. The company reported GBX 13.60 ($0.18) earnings per share for the quarter, missing the consensus estimate of GBX 16.60 ($0.22) by GBX (3) (($0.04)).
The company also recently declared a dividend, which will be paid on Wednesday, January 16th. Investors of record on Thursday, December 6th will be paid a GBX 8 ($0.10) dividend. The ex-dividend date is Thursday, December 6th. This represents a yield of 2.29%.
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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