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Royal Mail PLC (LON:RMG) insider Rico Back acquired 51,702 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06).
Rico Back also recently made the following trade(s):
- On Thursday, May 23rd, Rico Back acquired 200,000 shares of Royal Mail stock. The shares were bought at an average cost of GBX 207 ($2.70) per share, for a total transaction of £414,000 ($540,964.33).
Royal Mail stock traded up GBX 0.40 ($0.01) during trading on Friday, reaching GBX 206.70 ($2.70). The stock had a trading volume of 22,725,833 shares, compared to its average volume of 5,850,000. The company has a market capitalization of $2.07 billion and a P/E ratio of 11.81. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. 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 business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share. This represents a dividend yield of 7.43%. The ex-dividend date is Thursday, July 25th. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s payout ratio is currently 1.43%.
RMG has been the subject of a number of recent research reports. Berenberg Bank upgraded shares of Royal Mail to a “hold” rating and reduced their target price for the company from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Liberum Capital restated a “sell” rating on shares of Royal Mail in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Royal Mail in a research report on Wednesday, May 15th. 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, Goldman Sachs Group upgraded shares of Royal Mail to a “buy” rating and dropped their price target for the company 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 issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).
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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