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Royal Mail PLC (LON:RMG) insider Rico Back bought 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price 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 bought 200,000 shares of Royal Mail stock. The shares were acquired at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33).
Shares of Royal Mail stock traded down GBX 0.20 ($0.00) during midday trading on Friday, hitting GBX 211.90 ($2.77). The company had a trading volume of 5,593,940 shares, compared to its average volume of 5,850,000. 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 firm has a market cap of $2.12 billion and a PE ratio of 12.11. The firm has a 50 day moving average price of GBX 211.82. Royal Mail PLC has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 511.80 ($6.69).
The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio is presently 1.43%.
A number of research firms have recently issued reports on RMG. Berenberg Bank reissued a “hold” rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a research note on Thursday, June 20th. Liberum Capital reissued a “sell” rating and issued a GBX 240 ($3.14) target price on shares of Royal Mail in a research note on Wednesday, May 22nd. Goldman Sachs Group reissued a “buy” rating on shares of Royal Mail in a research note on Monday, June 10th. Jefferies Financial Group lowered their target price on Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating for the company in a research note on Monday, June 3rd. Finally, HSBC lowered Royal Mail to a “hold” rating and lowered their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Royal Mail presently 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.
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