Royal Mail - RMG Share Forecast, Price & News

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. 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. In addition, it operates ground-based parcel delivery networks in Europe that covers 40 countries and nation states. Further, the company provides express parcel delivery and logistics services. Additionally, it engages in property holdings activities; and provision of facilities management services. The company serves consumers, sole-traders, small and medium-sized enterprises, large businesses, retailers, and access operators. Royal Mail plc was incorporated in 2013 and is based in London, the United Kingdom.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup reaffirmed a "buy" rating and set a GBX 410 ($5.02) price objective on shares of Royal Mail in a research note on Thursday, July 21st. Deutsche Bank Aktiengesellschaft dropped their target price on Royal Mail from GBX 240 ($2.94) to GBX 222 ($2.72) and set a "sell" rating on the stock in a research report on Thursday. Berenberg Bank reduced their target price on Royal Mail from GBX 575 ($7.05) to GBX 480 ($5.88) and set a "buy" rating for the company in a research note on Thursday, July 21st. Barclays restated an "overweight" rating and issued a GBX 320 ($3.92) target price on shares of Royal Mail in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. lowered their price target on Royal Mail from GBX 632 ($7.74) to GBX 360 ($4.41) and set an "overweight" rating for the company in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, Royal Mail currently has a consensus rating of "Moderate Buy" and an average target price of GBX 424.63 ($5.20).

Royal Mail Stock Up 1.0 %

Shares of Royal Mail stock opened at GBX 279.90 ($3.43) on Monday. The company has a current ratio of 1.10, a quick ratio of 1.02 and a debt-to-equity ratio of 41.49. The business's 50 day simple moving average is GBX 282.06 and its 200-day simple moving average is GBX 337.11. The stock has a market capitalization of £2.68 billion and a price-to-earnings ratio of 458.85. Royal Mail has a twelve month low of GBX 257.43 ($3.15) and a twelve month high of GBX 531.40 ($6.51).

Royal Mail Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Thursday, July 28th will be given a dividend of GBX 13.30 ($0.16) per share. This represents a dividend yield of 3.88%. This is a boost from Royal Mail's previous dividend of $6.70. The ex-dividend date is Thursday, July 28th. Royal Mail's dividend payout ratio is presently 27.38%.