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Royal Mail PLC (LON:RMG) insider Rico Back purchased 300,000 shares of the business’s stock in a transaction that occurred on 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).
Royal Mail stock opened at GBX 238 ($3.13) on Thursday. The firm has a market capitalization of $2.38 billion and a PE ratio of 7.37. Royal Mail PLC has a one year low of GBX 186.80 ($2.46) and a one year high of GBX 308.50 ($4.06). The stock’s 50 day moving average price is GBX 220.56 and its 200 day moving average price is GBX 212.54. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76.
The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a GBX 7.50 ($0.10) dividend. This represents a yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio (DPR) is 0.74%.
Several equities research analysts have issued reports on RMG shares. Royal Bank of Canada decreased their price objective on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a research note on Wednesday, October 9th. Liberum Capital reissued a “sell” rating on shares of Royal Mail in a research report on Monday. Societe Generale cut their target price on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Credit Suisse Group restated an “underperform” rating on shares of Royal Mail in a report on Thursday, October 17th. Finally, Goldman Sachs Group decreased their price target on shares of Royal Mail from GBX 310 ($4.08) to GBX 300 ($3.95) and set a “buy” rating for the company in a research report on Monday, November 25th. Five 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 211.54 ($2.78).
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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