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Royal Mail PLC (LON:RMG) insider Rico Back bought 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20).
Royal Mail stock traded down GBX 3.10 ($0.04) during trading hours on Wednesday, reaching GBX 239.40 ($3.15). The stock had a trading volume of 2,804,567 shares, compared to its average volume of 5,850,000. The company has a fifty day simple moving average of GBX 220.25 and a 200-day simple moving average of GBX 212.41. Royal Mail PLC has a 52 week low of GBX 186.80 ($2.46) and a 52 week high of GBX 308.50 ($4.06). The stock has a market cap of $2.35 billion and a PE ratio of 7.41. 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 company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 7.50 ($0.10) per share. 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 (DPR) is 0.74%.
Several research firms have weighed in on RMG. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a research note on Monday. Royal Bank of Canada decreased their price objective on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a report on Wednesday, October 9th. Barclays reissued an “overweight” rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a research note on Thursday, November 21st. Goldman Sachs Group dropped their target price on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a report on Monday, November 25th. Finally, Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Five 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 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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