Related Articles
Royal Mail PLC (LON:RMG) insider Rico Back acquired 300,000 shares of Royal Mail stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20).
Shares of LON RMG traded up GBX 5.60 ($0.07) during trading on Thursday, reaching GBX 231.90 ($3.05). 2,306,600 shares of the company traded hands, compared to its average volume of 5,850,000. The firm has a 50 day simple moving average of GBX 224.98 and a 200-day simple moving average of GBX 214.64. Royal Mail PLC has a 52-week low of GBX 186.80 ($2.46) and a 52-week high of GBX 308.50 ($4.06). The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 32.69. The stock has a market capitalization of $2.33 billion and a PE ratio of 7.18.
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 5th. Royal Mail’s dividend payout ratio (DPR) is presently 0.74%.
RMG has been the subject of a number of recent analyst reports. Societe Generale lowered their price target on shares of Royal Mail from GBX 208 ($2.74) to GBX 200 ($2.63) and set a “hold” rating for the company in a report on Wednesday, December 4th. Liberum Capital restated a “sell” rating on shares of Royal Mail in a report on Monday, December 16th. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a report on Thursday, December 12th. Barclays reaffirmed an “overweight” rating and issued a GBX 250 ($3.29) target price on shares of Royal Mail in a research report on Thursday, November 21st. Finally, Goldman Sachs Group reduced their target price 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 research report on Monday, November 25th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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.
Featured Story: What is the Current Ratio?
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
