Royal Mail (RMG) Reaches New 52-Week High at $534.40

Royal Mail PLC (LON:RMG) reached a new 52-week high on Wednesday . The stock traded as high as GBX 534.40 ($7.49) and last traded at GBX 532 ($7.46), with a volume of 9222807 shares changing hands. The stock had previously closed at GBX 532 ($7.46).

A number of research analysts have recently issued reports on the stock. Jefferies Group reduced their price objective on shares of Royal Mail from GBX 330 ($4.63) to GBX 300 ($4.21) and set an “underperform” rating for the company in a report on Friday, December 1st. Berenberg Bank lifted their price objective on shares of Royal Mail from GBX 375 ($5.26) to GBX 415 ($5.82) and gave the company a “hold” rating in a report on Friday, December 1st. Societe Generale assumed coverage on shares of Royal Mail in a report on Friday, February 2nd. They set a “hold” rating and a GBX 480 ($6.73) price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Royal Mail from GBX 550 ($7.71) to GBX 535 ($7.50) and set an “overweight” rating for the company in a report on Thursday, November 2nd. Finally, reiterated a “buy” rating and set a GBX 465 ($6.52) price objective on shares of Royal Mail in a report on Wednesday, October 18th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Royal Mail presently has a consensus rating of “Hold” and an average target price of GBX 443.08 ($6.21).

The company has a market capitalization of $5,250.00 and a P/E ratio of 1,461.11.

The business also recently announced a dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 7th were paid a GBX 7.70 ($0.11) dividend. This represents a yield of 1.86%. The ex-dividend date of this dividend was 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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