Related Articles
Royal Mail PLC (LON:RMG) insider Rico Back bought 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06).
Rico Back also recently made the following trade(s):
- On Thursday, May 23rd, Rico Back purchased 200,000 shares of Royal Mail stock. The shares were bought at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33).
Shares of RMG stock traded up GBX 0.40 ($0.01) on Friday, hitting GBX 206.70 ($2.70). 18,952,207 shares of the stock traded hands, compared to its average volume of 5,850,000. The company has a market capitalization of $2.07 billion and a price-to-earnings ratio of 11.81. Royal Mail PLC has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 515.80 ($6.74). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.78.
The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. This is an increase from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s payout ratio is currently 1.43%.
A number of research analysts have recently commented on the stock. Liberum Capital upgraded shares of Royal Mail to a “hold” rating and reduced their price target for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. Berenberg Bank restated a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Wednesday, May 22nd. Credit Suisse Group lowered their price objective 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 research note on Wednesday, May 29th. Goldman Sachs Group raised shares of Royal Mail to a “buy” rating and lowered their price objective for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research note on Friday, May 24th. Finally, Barclays decreased their price target on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating for the company in a research note on Wednesday, May 22nd. Four research 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. Royal Mail has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
About Royal Mail
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.
Featured Article: What is a blue-chip stock?
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
