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

RMG has been the topic of several research reports. Citigroup restated a "buy" rating and issued a GBX 410 ($4.95) target price on shares of Royal Mail in a research note on Thursday, July 21st. Deutsche Bank Aktiengesellschaft reduced their price target on Royal Mail from GBX 240 ($2.90) to GBX 222 ($2.68) and set a "sell" rating for the company in a research report on Thursday, August 4th. Berenberg Bank reduced their price target on Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) and set a "buy" rating for the company in a research report on Thursday, July 21st. JPMorgan Chase & Co. reduced their price target on Royal Mail from GBX 632 ($7.64) to GBX 360 ($4.35) and set an "overweight" rating for the company in a research report on Thursday, July 21st. Finally, Barclays reiterated an "overweight" rating and issued a GBX 320 ($3.87) price target on shares of Royal Mail in a research report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 424.63 ($5.13).

Royal Mail Price Performance

Shares of RMG traded down GBX 9.10 ($0.11) during midday trading on Tuesday, reaching GBX 267.30 ($3.23). The stock had a trading volume of 2,739,737 shares, compared to its average volume of 4,014,113. The company's 50-day moving average is GBX 281.01 and its 200 day moving average is GBX 335.80. Royal Mail has a 12-month low of GBX 257.43 ($3.11) and a 12-month high of GBX 531.40 ($6.42). 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 company has a market capitalization of £2.56 billion and a price-to-earnings ratio of 453.11.

Royal Mail Increases Dividend

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