Jefferies Group Brokers Raise Earnings Estimates for Royal Mail Plc (ROYMY)

Royal Mail Plc (OTCMKTS:ROYMY) – Investment analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Royal Mail Plc in a report issued on Friday. Jefferies Group analyst D. Kerstens now expects that the company will earn $0.96 per share for the year, up from their previous forecast of $0.90. Jefferies Group also issued estimates for Royal Mail Plc’s FY2019 earnings at $0.96 EPS.

Separately, Zacks Investment Research upgraded shares of Royal Mail Plc from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, September 21st.

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Shares of Royal Mail Plc (OTCMKTS ROYMY) traded up $0.01 on Monday, reaching $10.67. 30,783 shares of the company’s stock were exchanged, compared to its average volume of 63,003. The company has a quick ratio of 0.71, a current ratio of 0.72 and a debt-to-equity ratio of 0.11. Royal Mail Plc has a one year low of $9.75 and a one year high of $11.95.

The business also recently declared a None dividend, which will be paid on Thursday, January 25th. Investors of record on Friday, December 8th will be issued a $0.173 dividend. The ex-dividend date is Thursday, December 7th.

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