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Royal Mail PLC (LON:RMG) insider Stuart Simpson bought 49 shares of the stock in a transaction dated Monday, June 17th. The stock was bought at an average cost of GBX 205 ($2.68) per share, with a total value of £100.45 ($131.26).
Stuart Simpson also recently made the following trade(s):
- On Wednesday, May 15th, Stuart Simpson purchased 43 shares of Royal Mail stock. The shares were acquired at an average price of GBX 235 ($3.07) per share, for a total transaction of £101.05 ($132.04).
Shares of LON RMG traded up GBX 4.80 ($0.06) during midday trading on Friday, hitting GBX 218 ($2.85). 5,111,400 shares of the stock traded hands, compared to its average volume of 5,850,000. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The stock has a market capitalization of $2.18 billion and a price-to-earnings ratio of 12.46. Royal Mail PLC has a one year low of GBX 192 ($2.51) and a one year high of GBX 499.10 ($6.52). The stock has a 50-day moving average price of GBX 205.90.
The business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, July 25th will be paid a GBX 17 ($0.22) dividend. This represents a dividend yield of 7.43%. This is a positive change from Royal Mail’s previous dividend of $8.00. The ex-dividend date is Thursday, July 25th. Royal Mail’s dividend payout ratio is 1.43%.
A number of research firms have weighed in on RMG. Berenberg Bank reiterated a “hold” rating and set a GBX 240 ($3.14) target price on shares of in a report on Thursday, June 20th. Barclays reiterated a “hold” rating and set a $102.00 target price on shares of Cboe Global Markets in a report on Friday. Jefferies Financial Group upped their target price on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday. Deutsche Bank upped their target price on Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Friday. Finally, Societe Generale upgraded Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Four 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. Royal Mail presently has a consensus rating of “Hold” and a consensus price target 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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