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Royal Mail PLC (LON:RMG) insider Stuart Simpson acquired 49 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average price of GBX 205 ($2.68) per share, for a total transaction 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 cost of GBX 235 ($3.07) per share, with a total value of £101.05 ($132.04).
Shares of RMG traded up GBX 1.80 ($0.02) during trading hours on Wednesday, hitting GBX 211.70 ($2.77). The company had a trading volume of 3,706,291 shares, compared to its average volume of 5,850,000. Royal Mail PLC has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 506.80 ($6.62). The company’s fifty day moving average is GBX 209.29. The stock has a market capitalization of $2.12 billion and a PE ratio of 12.10. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04.
The business also recently announced a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 7.43%. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s payout ratio is currently 1.43%.
A number of research firms have recently issued reports on RMG. Credit Suisse Group cut their target price on shares of 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. Liberum Capital upgraded shares of Royal Mail to a “hold” rating and decreased their price target for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research note on Friday, May 24th. Goldman Sachs Group upgraded shares of Royal Mail to a “buy” rating and decreased their price target for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a research note on Friday, May 24th. Berenberg Bank restated a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Wednesday, May 22nd. Finally, Societe Generale upgraded shares of Royal Mail to a “hold” rating and decreased their price target for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Royal Mail has a consensus rating of “Hold” and an average price target of GBX 250.46 ($3.27).
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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