Royal Mail’s (RMG) “Underperform” Rating Reiterated at Jefferies Financial Group

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Jefferies Financial Group reaffirmed their underperform rating on shares of Royal Mail (LON:RMG) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

Several other research firms also recently weighed in on RMG. Credit Suisse Group set a €80.00 ($93.02) target price on shares of Siltronic and gave the stock a neutral rating in a research report on Wednesday, May 29th. Barclays set a $34.00 target price on shares of DCP Midstream and gave the stock a hold rating in a research report on Wednesday, May 22nd. HSBC reissued a hold rating on shares of Royal Mail in a research report on Friday, June 7th. Societe Generale raised shares of Royal Mail from a sell rating to a hold rating in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. started coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an overweight rating on the stock. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 250.46 ($3.27).

Royal Mail stock opened at GBX 218 ($2.85) on Thursday. The stock has a 50 day moving average price of GBX 205.90. The stock has a market capitalization of $2.18 billion and a P/E ratio of 12.46. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 499.10 ($6.52).

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

In related news, insider Rico Back acquired 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have purchased 251,794 shares of company stock worth $51,708,848 over the last ninety days.

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.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Royal Mail (LON:RMG)

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