Royal Mail’s (RMG) “Hold” Rating Reaffirmed at Liberum Capital

Liberum Capital reissued their hold rating on shares of Royal Mail (LON:RMG) in a research report released on Thursday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an overweight rating on the stock. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research report on Monday, June 10th. Jefferies Financial Group lifted their price objective on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a buy rating in a research report on Thursday, July 11th. Morgan Stanley set a $70.00 price objective on shares of Edison International and gave the company a hold rating in a research report on Monday, July 15th. Finally, Berenberg Bank reiterated a hold rating and issued a GBX 240 ($3.14) price objective on shares of in a research report on Thursday, June 20th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 250.46 ($3.27).

LON:RMG opened at GBX 221.60 ($2.90) on Thursday. The firm has a fifty day moving average price of GBX 207.31. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 492.50 ($6.44). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The stock has a market cap of $2.22 billion and a price-to-earnings ratio of 12.66.

The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. The ex-dividend date is Thursday, July 25th. Royal Mail’s payout ratio is presently 1.43%.

In related news, insider Rico Back bought 200,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders have acquired a total of 251,839 shares of company stock worth $51,718,658 over the last 90 days.

About Royal Mail

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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