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Royal Mail PLC (LON:RMG) insider Rico Back acquired 300,000 shares of Royal Mail stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20).
Shares of LON RMG opened at GBX 233.30 ($3.07) on Thursday. Royal Mail PLC has a fifty-two week low of GBX 186.80 ($2.46) and a fifty-two week high of GBX 308.50 ($4.06). The stock has a market cap of $2.33 billion and a P/E ratio of 7.22. The firm’s 50-day simple moving average is GBX 223.54 and its 200 day simple moving average is GBX 213.55. 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 announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.
RMG has been the topic of a number of analyst reports. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research report on Thursday, October 17th. Societe Generale reduced their target price on Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a research note on Wednesday, December 4th. Liberum Capital reiterated a “sell” rating on shares of Royal Mail in a research note on Monday, December 16th. Barclays reaffirmed an “overweight” rating and set a GBX 250 ($3.29) price target on shares of Royal Mail in a research report on Thursday, November 21st. Finally, Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price 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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