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Royal Mail PLC (LON:RMG) insider Rico Back bought 300,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of GBX 234 ($3.08) per share, for a total transaction of £702,000 ($923,441.20).
LON:RMG opened at GBX 233.30 ($3.07) on Friday. The company has a debt-to-equity ratio of 32.69, a current ratio of 0.76 and a quick ratio of 0.74. Royal Mail PLC has a 1 year low of GBX 186.80 ($2.46) and a 1 year high of GBX 308.50 ($4.06). The company has a market cap of $2.33 billion and a P/E ratio of 7.22. The stock’s fifty day moving average price is GBX 223.80 and its two-hundred day moving average price is GBX 213.69.
The business also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be paid a GBX 7.50 ($0.10) dividend. The ex-dividend date is Thursday, December 5th. This represents a yield of 3.78%. Royal Mail’s dividend payout ratio is currently 0.74%.
Several research firms have weighed in on RMG. JPMorgan Chase & Co. cut their price objective on Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Barclays restated an “overweight” rating and set a GBX 250 ($3.29) price objective on shares of Royal Mail in a report on Thursday, November 21st. Goldman Sachs Group lowered their price target on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating on the stock in a report on Monday, November 25th. Royal Bank of Canada dropped their price objective on Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a research note on Wednesday, October 9th. Finally, Sanford C. Bernstein downgraded Royal Mail to a “market perform” rating and decreased their target price for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research report on Friday, November 29th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 211.54 ($2.78).
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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