Royal Mail PLC (LON:RMG) Insider Acquires £702,000 in Stock

Royal Mail PLC (LON:RMG) insider Rico Back acquired 300,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20).

Shares of Royal Mail stock opened at GBX 230.70 ($3.03) on Thursday. Royal Mail PLC has a 1 year low of GBX 186.80 ($2.46) and a 1 year high of GBX 308.50 ($4.06). The firm has a market cap of $2.26 billion and a PE ratio of 7.14. The stock has a fifty day moving average price of GBX 224.98 and a 200-day moving average price of GBX 214.64. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74.

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio is presently 0.74%.

Several research analysts have recently issued reports on the company. Liberum Capital reaffirmed a “sell” rating on shares of Royal Mail in a research note on Monday, December 16th. Sanford C. Bernstein downgraded shares of Royal Mail to a “market perform” rating and decreased their target price for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Barclays reissued an “overweight” rating and set a GBX 250 ($3.29) target price on shares of Royal Mail in a research report on Thursday, November 21st. Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a research report on Thursday, December 12th. Finally, Societe Generale cut their price target on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating on the stock in a report on Wednesday, December 4th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 211.54 ($2.78).

Royal Mail Company Profile

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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