Todays Report: Today, Royal Mail PLC’s (RMG) “Neutral” Rating Reaffirm at Davy Research

Today, Royal Mail PLC’s (RMG) “Neutral” Rating Reaffirm at Davy Research

Davy Research reissued their neutral rating on shares of Royal Mail PLC (LON:RMG) in a research note issued to investors on Thursday.

Other equities research analysts have also issued research reports about the company. Jefferies Group reduced their price target on Royal Mail PLC from GBX 410 ($5.12) to GBX 390 ($4.87) and set a  underperform rating on the stock in a research report on Monday. Investec reaffirmed a buy rating and issued a GBX 625 ($7.81) price target on shares of Royal Mail PLC in a research report on Monday. Beaufort Securities lowered Royal Mail PLC to a hold rating in a research report on Friday, November 18th. Deutsche Bank AG reaffirmed a hold rating on shares of Royal Mail PLC in a research report on Friday, November 18th. Finally, Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 600 ($7.50) price target on shares of Royal Mail PLC in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Royal Mail PLC presently has an average rating of Hold and an average price target of GBX 472.25 ($5.90).

Shares of Royal Mail PLC (LON:RMG) opened at 458.40 on Thursday. Royal Mail PLC has a 12 month low of GBX 412.80 and a 12 month high of GBX 549.00. The company has a 50-day moving average price of GBX 485.62 and a 200-day moving average price of GBX 504.53. The stock’s market cap is GBX 4.58 billion.

The business also recently announced a dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, December 8th will be paid a GBX 7.40 ($0.09) dividend. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 1.59%.

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