Royal Mail plc (OTCMKTS:ROYMY) receives consensus ‘hold’ recommendation from analysts
Royal Mail plc (OTCMKTS:ROYMY – Get Rating) has received an average rating of “Hold” from the ten rating agencies that currently cover the stock, MarketBeat reports. Two equity research analysts rated the stock with a sell recommendation, two issued a hold recommendation and one issued a buy recommendation on the company. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $362.00.
Several equity research analysts have recently published reports on ROYMY shares. Deutsche Bank Aktiengesellschaft cut its price target on Royal Mail shares from 275 GBX ($3.29) to 240 GBX ($2.87) in a Friday May 20 report. Citigroup cut its price target on Royal Mail shares from GBX 710 ($8.49) to GBX 410 ($4.90) in a report on Thursday. JPMorgan Chase & Co. cut its price target on Royal Mail shares from GBX 632 ($7.56) to GBX 360 ($4.30) in a report on Thursday. Sanford C. Bernstein downgraded Royal Mail shares from an “outperforming” rating to a “market performing” rating in a Friday May 27 report. Finally, UBS Group downgraded shares of Royal Mail from a “buy” rating to a “neutral” rating in a Wednesday, June 22 report.
Royal Mail stock up 0.8%
Shares of OTCMKTS:ROYMY opened at $7.20 on Friday. The company has a 50-day moving average of $7.23 and a 200-day moving average of $9.28. The company has a debt ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.10. Royal Mail has a 12 month minimum of $6.06 and a 12 month maximum of $14.54.
Royal Mail increases its dividend
The company also recently announced a dividend, which will be paid on Wednesday, September 21. Shareholders of record on Friday, July 29 will receive a dividend of $0.2698 per share. This is an increase from Royal Mail’s previous dividend of $0.22. The ex-dividend date is Thursday July 28. This represents a return of 13.91%.
About Royal Mail
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Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, Czech Republic, Hungary, Poland, Romania, in Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands and Portugal. It offers parcel and courier delivery services under the Royal Mail and Parcelforce Worldwide brands.
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