Royal Mail PLC (LON:RMG) declared a dividend on Thursday, November 21st, Upcoming.Co.Uk reports. Investors of record on Thursday, December 5th will be given a dividend of GBX 7.50 ($0.10) per share on Wednesday, January 15th. This represents a dividend yield of 3.78%. The ex-dividend date is Thursday, December 5th. The official announcement can be viewed at this link.
LON:RMG opened at GBX 216.20 ($2.83) on Tuesday. The stock has a market capitalization of $2.16 billion and a price-to-earnings ratio of 6.69. Royal Mail has a 52 week low of GBX 186.80 ($2.44) and a 52 week high of GBX 347.50 ($4.54). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The firm has a 50 day moving average of GBX 217.50 and a 200 day moving average of GBX 212.69.
A number of analysts have recently weighed in on RMG shares. Liberum Capital lowered their price objective on Royal Mail from GBX 185 ($2.42) to GBX 175 ($2.29) and set a “sell” rating for the company in a research report on Wednesday, November 27th. Credit Suisse Group reiterated an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Sanford C. Bernstein downgraded Royal Mail to a “market perform” rating and lowered their price target for the stock from GBX 250 ($3.27) to GBX 225 ($2.94) in a report on Friday. Royal Bank of Canada dropped their price target on Royal Mail from GBX 315 ($4.12) to GBX 200 ($2.61) and set a “sector performer” rating on the stock in a research note on Wednesday, October 9th. Finally, Goldman Sachs Group dropped their price target on Royal Mail from GBX 310 ($4.05) to GBX 300 ($3.92) and set a “buy” rating on the stock in a research note on Monday, November 25th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 212.15 ($2.77).
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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