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Royal Mail PLC (LON:RMG) insider Rico Back acquired 300,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20).
Shares of LON:RMG traded down GBX 5 ($0.07) during trading on Friday, reaching GBX 220.80 ($2.90). 2,217,058 shares of the company’s stock traded hands, compared to its average volume of 5,850,000. The company has a 50 day moving average of GBX 224.19 and a 200-day moving average of GBX 215.73. The stock has a market capitalization of $2.26 billion and a P/E ratio of 6.84. Royal Mail PLC has a 12 month low of GBX 186.80 ($2.46) and a 12 month high of GBX 308.50 ($4.06). 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 business also recently declared a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a GBX 7.50 ($0.10) dividend. 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 currently 0.74%.
Several research firms have commented on RMG. Royal Bank of Canada lowered their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Goldman Sachs Group decreased their price target on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating on the stock in a report on Monday, November 25th. Barclays restated an “overweight” rating on shares of Royal Mail in a report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a report on Friday, November 22nd. Finally, Sanford C. Bernstein lowered shares of Royal Mail to a “market perform” rating and reduced their target price for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus 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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