Royal Mail PLC’s (RMG) “Buy” Rating Reaffirmed at Investec
A number of other analysts have also recently commented on RMG. Jefferies Group dropped their price objective on Royal Mail PLC from GBX 410 ($5.12) to GBX 390 ($4.87) and set a underperform rating for the company in a research report on Monday. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 580 ($7.25) price target on shares of Royal Mail PLC in a research note on Friday. Davy Research reaffirmed a neutral rating on shares of Royal Mail PLC in a research note on Thursday, November 17th. Deutsche Bank AG reaffirmed a hold rating on shares of Royal Mail PLC in a research note on Friday. Finally, Beaufort Securities lowered Royal Mail PLC to a hold rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 472.25 ($5.90).
Royal Mail PLC (LON:RMG) traded down 1.10% on Monday, reaching GBX 457.60. 2,989,089 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 4.58 billion. The company has a 50 day moving average price of GBX 488.64 and a 200-day moving average price of GBX 505.39. Royal Mail PLC has a 1-year low of GBX 412.80 and a 1-year high of GBX 549.00.
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, December 8th will be issued a dividend of GBX 7.40 ($0.09) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 1.59%.
Royal Mail PLC Company Profile
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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