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Royal Mail PLC (LON:RMG) insider Rico Back acquired 300,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20).
RMG stock traded down GBX 0.90 ($0.01) during midday trading on Wednesday, hitting GBX 233.30 ($3.07). 1,228,204 shares of the company’s stock were exchanged, compared to its average volume of 5,850,000. The company has a market cap of $2.33 billion and a PE ratio of 7.22. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The stock’s fifty day moving average price is GBX 223.23 and its 200-day moving average price is GBX 213.41. Royal Mail PLC has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 308.50 ($4.06).
The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s payout ratio is 0.74%.
RMG has been the topic of a number of recent research reports. Sanford C. Bernstein downgraded Royal Mail to a “market perform” rating and decreased their price objective for the company from GBX 250 ($3.29) to GBX 225 ($2.96) in a report on Friday, November 29th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Royal Mail in a research note on Thursday, October 17th. Goldman Sachs Group dropped their price objective on Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a research note on Monday, November 25th. Barclays restated 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. Finally, Royal Bank of Canada dropped their target price on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
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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