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Royal Mail PLC (LON:RMG) insider Rico Back purchased 51,702 shares of Royal Mail stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired 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 acquired 200,000 shares of Royal Mail stock. The shares were purchased at an average price of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33).
RMG traded down GBX 0.20 ($0.00) during trading hours on Friday, hitting GBX 211.90 ($2.77). The company’s stock had a trading volume of 4,895,277 shares, compared to its average volume of 5,850,000. Royal Mail PLC has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 511.80 ($6.69). 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 stock has a market capitalization of $2.12 billion and a price-to-earnings ratio of 12.11. The business’s 50-day moving average is GBX 212.42.
The firm also recently announced a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be given a GBX 17 ($0.22) dividend. This is a boost from Royal Mail’s previous dividend of $8.00. This represents a yield of 7.43%. The ex-dividend date is Thursday, July 25th. Royal Mail’s dividend payout ratio (DPR) is currently 1.43%.
Several analysts have issued reports on the company. Berenberg Bank restated a “hold” rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a research note on Thursday, June 20th. Liberum Capital reiterated a “sell” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research report on Wednesday, May 22nd. Goldman Sachs Group reiterated a “buy” rating on shares of Royal Mail in a research report on Monday, June 10th. Jefferies Financial Group dropped their price target on Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating on the stock in a research report on Monday, June 3rd. Finally, HSBC cut Royal Mail to a “hold” rating and dropped their price target for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Four investment 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. Royal Mail presently has a consensus rating of “Hold” and a consensus price target of GBX 250.46 ($3.27).
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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