Deutsche Bank AG Reiterates Hold Rating for Royal Mail PLC (RMG)
Royal Mail PLC (LON:RMG)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank AG in a research note issued on Friday.
Other equities research analysts have also issued research reports about the company. Beaufort Securities lowered Royal Mail PLC to a “hold” rating in a research report on Friday. Davy Research reaffirmed a “neutral” rating on shares of Royal Mail PLC in a research report on Thursday, November 17th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 600 ($7.50) price target on shares of Royal Mail PLC in a research report on Thursday, September 8th. JPMorgan Chase & Co. dropped their price target on Royal Mail PLC from GBX 605 ($7.56) to GBX 580 ($7.25) and set an “overweight” rating on the stock in a research report on Tuesday, September 20th. Finally, Royal Bank Of Canada dropped their target price on Royal Mail PLC from GBX 540 ($6.75) to GBX 500 ($6.25) and set a “sector perform” rating on the stock in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 472.25 ($5.90).
Royal Mail PLC (LON:RMG) opened at 462.70 on Friday. The stock’s 50 day moving average price is GBX 488.64 and its 200-day moving average price is GBX 505.39. Royal Mail PLC has a one year low of GBX 412.80 and a one year high of GBX 549.00. The firm’s market capitalization is GBX 4.63 billion.
The firm also recently announced a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Thursday, December 8th will be paid a dividend of GBX 7.40 ($0.09) per share. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 1.59%.
About Royal Mail PLC
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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