Royal Mail (LON:RMG) Reaches New 52-Week Low at $190.50

Royal Mail PLC (LON:RMG) shares hit a new 52-week low on Thursday . The stock traded as low as GBX 190.50 ($2.49) and last traded at GBX 191.65 ($2.50), with a volume of 1473678 shares changing hands. The stock had previously closed at GBX 194.90 ($2.55).

A number of research analysts have commented on RMG shares. Morgan Stanley upgraded shares of Royal Mail to an “equal weight” rating in a research report on Monday, July 15th. HSBC cut shares of Royal Mail to a “hold” rating and reduced their price target for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Credit Suisse Group dropped their price objective on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a research note on Wednesday, May 29th. Berenberg Bank reissued 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. Finally, Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).

The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The firm’s fifty day simple moving average is GBX 212.11. The company has a market cap of $1.94 billion and a PE ratio of 10.95.

The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be issued a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio (DPR) is presently 1.43%.

In other Royal Mail news, insider Rico Back acquired 200,000 shares of Royal Mail stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33). Insiders purchased a total of 251,796 shares of company stock valued at $51,708,553 over the last quarter.

About Royal Mail (LON:RMG)

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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