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Shares of Royal Mail PLC (LON:RMG) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 190.50 ($2.49) and last traded at GBX 191.65 ($2.50), with a volume of 1473678 shares changing hands. The stock had previously closed at GBX 194.90 ($2.55).
Several brokerages have recently commented on RMG. Credit Suisse Group lowered their target price on shares of Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a report on Wednesday, May 29th. Liberum Capital reiterated a “hold” rating on shares of Royal Mail in a report on Thursday, July 18th. Societe Generale upgraded shares of Royal Mail to a “hold” rating and lowered their target price for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a report on Friday, June 14th. Goldman Sachs Group reiterated a “buy” rating on shares of Royal Mail in a report on Monday, June 10th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Royal Mail in a report on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).
The company has a market cap of $1.91 billion and a P/E ratio of 11.01. The company’s 50-day moving average is GBX 211.49 and its two-hundred day moving average is GBX 236.51. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. The ex-dividend date is Thursday, July 25th. This represents a yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio is presently 1.43%.
In related news, insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). In the last 90 days, insiders have purchased 251,796 shares of company stock valued at $51,708,553.
About Royal Mail (LON:RMG)
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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