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.

Royal Mail Price Performance

RMG Stock traded down GBX 1 ($0.01) during trading on Thursday, hitting GBX 268.30 ($3.24). The company had a trading volume of 1,645,644 shares, compared to its average volume of 3,995,805. The firm has a market capitalization of £2.57 billion and a price-to-earnings ratio of 437.36. The business has a 50 day moving average of GBX 279.51 and a 200 day moving average of GBX 334.86. Royal Mail has a fifty-two week low of GBX 255.50 ($3.09) and a fifty-two week 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.

Royal Mail Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Citigroup reiterated a "buy" rating and set a GBX 410 ($4.95) target price on shares of Royal Mail in a research note on Thursday, July 21st. Barclays reiterated an "overweight" rating and set a GBX 320 ($3.87) target price on shares of Royal Mail in a research note on Thursday. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Royal Mail in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Royal Mail from GBX 240 ($2.90) to GBX 222 ($2.68) and set a "sell" rating for the company in a research note on Thursday, August 4th. Finally, Berenberg Bank reduced their price target on shares of Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) and set a "buy" 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 given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 424.63 ($5.13).