Royal Mail (RMG) Reaches New 52-Week High at $462.80

Royal Mail PLC (LON:RMG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 462.80 ($6.28) and last traded at GBX 462.50 ($6.27), with a volume of 3300000 shares changing hands. The stock had previously closed at GBX 458.50 ($6.22).

Several brokerages recently issued reports on RMG. Liberum Capital restated a “sell” rating and set a GBX 370 ($5.02) price target on shares of Royal Mail in a research note on Thursday, December 7th. Berenberg Bank began coverage on Royal Mail in a research note on Tuesday, October 31st. They set a “hold” rating and a GBX 375 ($5.09) price target on the stock. Jefferies Group restated an “underperform” rating and set a GBX 300 ($4.07) price target on shares of Royal Mail in a research note on Thursday, December 7th. Barclays lowered their price target on Royal Mail from GBX 535 ($7.26) to GBX 485 ($6.58) and set an “overweight” rating on the stock in a research note on Friday. Finally, Credit Suisse Group restated an “underperform” rating and set a GBX 325 ($4.41) price target on shares of Royal Mail in a research note on Friday, November 10th. Five analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Royal Mail presently has a consensus rating of “Hold” and an average target price of GBX 424.92 ($5.76).

The firm has a market capitalization of $4,620.00 and a price-to-earnings ratio of 1,284.72.

The business also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 7th will be issued a dividend of GBX 7.70 ($0.10) per share. This represents a yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 7th.

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Royal Mail Company Profile

Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.

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