Provident Financial (PFG)

Sector:

Financials

Index:

FTSE 250

255.20p
   
  • Change Today:
    -4.80p
  • 52 Week High: 381.60p
  • 52 Week Low: 210.60p
  • Currency: UK Pounds
  • Shares Issued: 253.77m
  • Volume: 192,403
  • Market Cap: £647.63m
  • RiskGrade: 247

Royal Mail on course for FTSE 100 return

By Sean Farrell

Date: Friday 21 May 2021

LONDON (ShareCast) - (Sharecast News) - Royal Mail is on course to return to the FTSE 100 index after booming parcel deliveries prompted the company's share price to more than triple in the past year.
The delivery service is the favourite for promotion to the FTSE 100 in the June reshuffle after being demoted in 2017. Royal Mail faces competition from ITV, which dropped out of the index in 2020 as advertising revenue was battered by the pandemic.

Royal Mail's shares have surged to 534.4p at 11:29 BST from 172p a year ago, valuing the company at £5.35bn. On Thursday the company reported annual profit up to £726m from £180m fuelled by households ordering goods online during the Covid-19 lockdown.

ITV's shares have more than doubled since its demotion in September to stand at 128.10p, giving the broadcaster a market value of £5.16bn. Advertising spending is bouncing back as companies seek to make the most of the economy's post-lockdown rebound.

The more valuable of the two companies on deadline day is likely to replace Renishaw, which joined the FTSE 100 in March. Since then the company's shares have lost 21%, valuing it at £3.95bn. The engineer was propelled into the leading index when its founders said they would sell their stake but no buyer has emerged.

Susannah Streeter, an analyst at Hargreaves Lansdown, said: "Royal Mail has been delivering a succession of bumper sales figures as it continues to capitalise on the e-commerce boom. The pandemic boost is likely to keep it in pole position to accelerate into the FTSE fast lane."

Several recently listed companies look likely to join the FTSE 250 list of midsized companies, including Moonpig, DarkTrace and TrustPilot, all of whose shares have gained since flotation. Candidates to leave the FTSE 250 include 4imprint, former FTSE 100 member Provident Financial and Foresight Solar Fund.

The FTSE 100 reshuffle is managed so that companies do not move in and out too often. To be relegated a company's market value must be below that of the top 10 companies beneath it and to gain promotion a FTSE 250 company's valuation must exceed that of the bottom 10 in the FTSE 100.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PFG Market Data

Currency UK Pounds
Share Price 255.20p
Change Today -4.80p
% Change -1.85 %
52 Week High 381.60p
52 Week Low 210.60p
Volume 192,403
Shares Issued 253.77m
Market Cap £647.63m
RiskGrade 247

PFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.40% above the market average91.40% above the market average91.40% above the market average91.40% above the market average91.40% above the market average
96.69% above the sector average96.69% above the sector average96.69% above the sector average96.69% above the sector average96.69% above the sector average
Price Trend
15.28% above the market average15.28% above the market average15.28% above the market average15.28% above the market average15.28% above the market average
3.65% above the sector average3.65% above the sector average3.65% above the sector average3.65% above the sector average3.65% above the sector average
Income
95.80% above the market average95.80% above the market average95.80% above the market average95.80% above the market average95.80% above the market average
76.62% above the sector average76.62% above the sector average76.62% above the sector average76.62% above the sector average76.62% above the sector average
Growth
66.49% below the market average66.49% below the market average66.49% below the market average66.49% below the market average66.49% below the market average
69.75% below the sector average69.75% below the sector average69.75% below the sector average69.75% below the sector average69.75% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PFG Dividends

  Latest Previous
  Interim Interim
Ex-Div 21-Apr-22 15-Aug-19
Paid 20-May-22 26-Sep-19
Amount 12.00p 9.00p

Trades for 27-May-2022

Time Volume / Share Price
16:35 99,555 @ 255.20p
16:29 43 @ 256.00p
16:29 49 @ 256.00p
16:29 24 @ 256.00p
16:29 23 @ 256.00p

PFG Key Personnel

Chair Patrick J R Snowball
CFO Neeraj Kapur

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