Royal Mail PLC (RMG) Rating Lowered to Hold at Beaufort Securities
Royal Mail PLC (LON:RMG) was downgraded by stock analysts at Beaufort Securities to a “hold” rating in a research note issued on Friday.
Other analysts have also recently issued research reports about the company. Davy Research reiterated a “neutral” rating on shares of Royal Mail PLC in a report on Thursday, November 17th. Royal Bank Of Canada decreased their target price on Royal Mail PLC from GBX 540 ($6.75) to GBX 500 ($6.25) and set a “sector perform” rating for the company in a report on Friday, July 22nd. Jefferies Group boosted their target price on Royal Mail PLC from GBX 400 ($5.00) to GBX 410 ($5.12) and gave the stock an “underperform” rating in a report on Friday, November 11th. JPMorgan Chase & Co. decreased their target price on Royal Mail PLC from GBX 605 ($7.56) to GBX 580 ($7.25) and set an “overweight” rating for the company in a report on Tuesday, September 20th. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 320 ($4.00) target price on shares of Royal Mail PLC in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 472.25 ($5.90).
Shares of Royal Mail PLC (LON:RMG) opened at 462.70 on Friday. The firm’s 50-day moving average is GBX 488.64 and its 200-day moving average is GBX 505.39. The firm’s market cap is GBX 4.63 billion. Royal Mail PLC has a 12-month low of GBX 412.80 and a 12-month high of GBX 549.00.
The company also recently declared a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 8th will be given a dividend of GBX 7.40 ($0.09) per share. This represents a dividend yield of 1.59%. The ex-dividend date is Thursday, December 8th.
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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