Royal Mail PLC (LON:RMG) Insider Stuart Simpson Purchases 49 Shares

Royal Mail PLC (LON:RMG) insider Stuart Simpson bought 49 shares of Royal Mail stock in a transaction that occurred on Monday, June 17th. The stock was purchased 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 acquired 43 shares of Royal Mail stock. The shares were bought at an average cost of GBX 235 ($3.07) per share, with a total value of £101.05 ($132.04).

RMG traded down GBX 2.50 ($0.03) on Friday, hitting GBX 211.20 ($2.76). The company had a trading volume of 3,680,743 shares, compared to its average volume of 5,850,000. The company has a fifty day simple moving average of GBX 208.23. Royal Mail PLC has a 12-month low of GBX 192 ($2.51) and a 12-month high of GBX 506.80 ($6.62). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The stock has a market cap of $2.11 billion and a PE ratio of 12.07.

The firm also recently declared a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, July 25th will be issued a GBX 17 ($0.22) dividend. This represents a yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from Royal Mail’s previous dividend of $8.00. Royal Mail’s dividend payout ratio (DPR) is currently 1.43%.

A number of equities research analysts have issued reports on RMG shares. Goldman Sachs Group raised shares of Royal Mail to a “buy” rating and cut their price objective for the company from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 240 ($3.14) price objective on shares of Royal Mail in a report on Wednesday, May 22nd. Liberum Capital upgraded Royal Mail to a “hold” rating and lowered their target price for the company from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. HSBC downgraded Royal Mail to a “hold” rating and lowered their target price for the company from GBX 300 ($3.92) to GBX 216 ($2.82) in a research report on Friday, June 7th. Finally, Societe Generale upgraded Royal Mail to a “hold” rating and lowered their target price for the company from GBX 235 ($3.07) to GBX 208 ($2.72) in a research report on Friday, June 14th. Four equities research 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’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 250.46 ($3.27).

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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