Insider Buying: Royal Mail PLC (LON:RMG) Insider Purchases 49 Shares of Stock

Royal Mail PLC (LON:RMG) insider Stuart Simpson acquired 49 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average price of GBX 205 ($2.68) per share, with a total value of £100.45 ($131.26).

Stuart Simpson also recently made the following trade(s):

• On Wednesday, May 15th, Stuart Simpson acquired 43 shares of Royal Mail stock. The shares were bought at an average price of GBX 235 ($3.07) per share, with a total value of £101.05 ($132.04).

Shares of RMG traded down GBX 2.50 ($0.03) during trading on Friday, reaching GBX 211.20 ($2.76). The company’s stock had a trading volume of 3,680,743 shares, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. The company has a market cap of $2.11 billion and a P/E ratio of 12.07. Royal Mail PLC has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 506.80 ($6.62). The business’s fifty day moving average price is GBX 208.23.

The company also recently declared a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This is a positive change from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. Royal Mail’s dividend payout ratio is currently 1.43%.

RMG has been the subject of several analyst reports. Deutsche Bank cut their target price on Royal Mail from GBX 180 ($2.35) to GBX 150 ($1.96) and set a “sell” rating for the company in a research report on Tuesday, June 4th. 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 “hold” rating on shares of Royal Mail in a research note on Tuesday. HSBC downgraded shares of Royal Mail to a “hold” rating and cut their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Finally, Jefferies Financial Group cut their target price on shares of 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. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price 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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