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Shares of Royal Mail PLC (LON:RMG) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 190.50 ($2.49) and last traded at GBX 191.65 ($2.50), with a volume of 1473678 shares traded. The stock had previously closed at GBX 194.90 ($2.55).
RMG has been the subject of a number of research analyst reports. Goldman Sachs Group reiterated a “buy” rating on shares of Royal Mail in a research report on Monday, June 10th. Societe Generale upgraded shares of Royal Mail to a “hold” rating and lowered their price objective for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. HSBC cut shares of Royal Mail to a “hold” rating and lowered their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of Royal Mail to a “neutral” rating and upped their price objective for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research report on Tuesday, June 4th. Finally, Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a research report 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 assigned a buy rating to the company’s stock. Royal Mail has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
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 stock has a market capitalization of $1.91 billion and a P/E ratio of 11.01. The stock’s fifty day simple moving average is GBX 211.49 and its two-hundred day simple moving average is GBX 236.51.
The firm also recently announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be issued a dividend of GBX 17 ($0.22) per share. This represents a yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. Royal Mail’s payout ratio is presently 1.43%.
In other Royal Mail news, insider Rico Back bought 51,702 shares of Royal Mail stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Insiders have acquired a total of 251,796 shares of company stock worth $51,708,553 over the last three months.
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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