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Royal Mail PLC (LON:RMG) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 168.05 ($2.21) and last traded at GBX 173.46 ($2.28), with a volume of 2940286 shares traded. The stock had previously closed at GBX 189.35 ($2.49).
A number of equities analysts have commented on the stock. Berenberg Bank raised shares of Royal Mail to a “sell” rating and decreased their price objective for the stock from GBX 240 ($3.16) to GBX 150 ($1.97) in a report on Tuesday. Sanford C. Bernstein lowered shares of Royal Mail to an “underperform” rating and lowered their target price for the company from GBX 225 ($2.96) to GBX 135 ($1.78) in a research note on Friday. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a report on Thursday. Societe Generale reduced their price target on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Finally, Deutsche Bank reaffirmed a “sell” rating and issued a GBX 150 ($1.97) price target on shares of Royal Mail in a report on Friday. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 194.54 ($2.56).
The firm’s 50-day moving average price is GBX 215.73 and its 200 day moving average price is GBX 215.02. The firm has a market cap of $1.77 billion and a P/E ratio of 5.54. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69.
The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio (DPR) is presently 0.74%.
In other news, insider Rico Back bought 300,000 shares of Royal Mail stock in a transaction on Thursday, February 6th. The stock was purchased at an average cost of GBX 179 ($2.35) per share, with a total value of £537,000 ($706,393.05). Over the last quarter, insiders purchased 600,128 shares of company stock worth $123,929,880.
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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