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Royal Mail PLC (LON:RMG) insider Stuart Simpson acquired 49 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were bought 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 purchased 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 Royal Mail stock opened at GBX 196.70 ($2.57) on Wednesday. The firm’s 50-day moving average price is GBX 213.85. Royal Mail PLC has a 52-week low of GBX 192 ($2.51) and a 52-week high of GBX 511.80 ($6.69). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The firm has a market cap of $1.97 billion and a price-to-earnings ratio of 11.24.
The firm 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 a positive change from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. Royal Mail’s payout ratio is 1.43%.
RMG has been the subject of a number of research reports. Berenberg Bank raised shares of Royal Mail to a “hold” rating and decreased their price objective for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a report on Monday, April 1st. Liberum Capital reiterated a “sell” rating on shares of Royal Mail in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Royal Mail in a research note on Wednesday, May 15th. Barclays dropped their price target on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating on the stock in a research report on Wednesday, May 22nd. Finally, Goldman Sachs Group upgraded shares of Royal Mail to a “buy” rating and dropped their price target for the stock from GBX 360 ($4.70) to GBX 320 ($4.18) in a research report on Friday, May 24th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target 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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