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Royal Mail PLC (RMG) Receives Average Recommendation of 'Hold' from Brokerages

12 Jan 2018, 16:13

https://www.dispatchtribunal.com/2018/0 ... rages.html

Shares of Royal Mail PLC (LON:RMG) have received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 424.92 ($5.76).

A number of equities research analysts have recently commented on the company. Credit Suisse Group downgraded Royal Mail to an “underperform” rating and cut their price objective for the company from GBX 492 ($6.67) to GBX 325 ($4.41) in a research report on Tuesday, October 31st. Liberum Capital reiterated a “sell” rating and set a GBX 385 ($5.22) price objective on shares of Royal Mail in a research report on Thursday, October 26th. JPMorgan Chase & Co. cut their price objective on Royal Mail from GBX 535 ($7.26) to GBX 530 ($7.19) and set an “overweight” rating for the company in a research report on Tuesday, December 12th. HSBC reiterated a “buy” rating and set a GBX 465 ($6.31) price objective on shares of Royal Mail in a research report on Monday, November 20th. Finally, Jefferies Group increased their price objective on Royal Mail from GBX 320 ($4.34) to GBX 330 ($4.48) and gave the company an “underperform” rating in a research report on Friday, November 17th.

Shares of Royal Mail (LON:RMG) opened at GBX 457.20 ($6.20) on Friday. The firm has a market capitalization of $4,570.00 and a P/E ratio of 1,270.00. Royal Mail has a 52-week low of GBX 367.80 ($4.99) and a 52-week high of GBX 466.70 ($6.33).

The firm also recently announced a dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 7th were issued a GBX 7.70 ($0.10) dividend. The ex-dividend date was Thursday, December 7th. This represents a dividend yield of 1.86%.

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