Royal Mail PLC (RMG) Rating Reiterated by Davy Research
Royal Mail PLC (LON:RMG)‘s stock had its “neutral” rating reiterated by equities researchers at Davy Research in a report released on Thursday.
RMG has been the topic of a number of other reports. Liberum Capital reaffirmed a “sell” rating and set a GBX 320 ($4.00) price target on shares of Royal Mail PLC in a research note on Wednesday, September 28th. 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 note on Thursday, September 8th. Jefferies Group reaffirmed an “underperform” rating and set a GBX 360 ($4.50) price target on shares of Royal Mail PLC in a research note on Thursday, August 25th. JPMorgan Chase & Co. lowered their price target on shares of Royal Mail PLC from GBX 605 ($7.56) to GBX 580 ($7.25) and set an “overweight” rating on the stock in a research note on Tuesday, September 20th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 575 ($7.18) price target on shares of Royal Mail PLC in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Royal Mail PLC has a consensus rating of “Hold” and an average target price of GBX 473.50 ($5.92).
Royal Mail PLC (LON:RMG) opened at 455.00 on Thursday. The stock’s market capitalization is GBX 4.55 billion. Royal Mail PLC has a 52 week low of GBX 412.80 and a 52 week high of GBX 549.00. The firm’s 50-day moving average is GBX 484.77 and its 200-day moving average is GBX 504.21.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Thursday, December 8th will be issued 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%.
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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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