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Royal Mail PLC (LON:RMG) insider Rico Back acquired 51,702 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06).
Rico Back also recently made the following trade(s):
- On Thursday, May 23rd, Rico Back purchased 200,000 shares of Royal Mail stock. The shares were purchased at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33).
Royal Mail stock traded down GBX 0.20 ($0.00) during trading hours on Friday, reaching GBX 211.90 ($2.77). 5,593,940 shares of the stock were exchanged, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. 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 stock has a market capitalization of $2.12 billion and a PE ratio of 12.11. The company’s 50 day moving average price is GBX 211.82.
The business also recently declared a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid a dividend of GBX 17 ($0.22) per share. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from Royal Mail’s previous dividend of $8.00. This represents a dividend yield of 7.43%. Royal Mail’s dividend payout ratio is 1.43%.
Several analysts have recently weighed in on RMG shares. Liberum Capital restated a “sell” rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a research report on Wednesday, May 22nd. Goldman Sachs Group reiterated a “buy” rating on shares of Royal Mail in a research report on Monday, June 10th. Jefferies Financial Group reduced their price target on shares of Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating for the company in a research report on Monday, June 3rd. Barclays cut their price objective on shares of Royal Mail from GBX 410 ($5.36) to GBX 250 ($3.27) and set an “overweight” rating for the company in a research report on Wednesday, May 22nd. Finally, 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. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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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