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Royal Mail PLC (LON:RMG) insider Stuart Simpson purchased 49 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were purchased at an average cost of GBX 205 ($2.68) per share, for a total transaction 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 price of GBX 235 ($3.07) per share, with a total value of £101.05 ($132.04).
RMG stock traded down GBX 10.05 ($0.13) during midday trading on Tuesday, hitting GBX 196.25 ($2.56). The company’s stock had a trading volume of 8,603,753 shares, compared to its average volume of 5,850,000. The company’s 50-day moving average is GBX 214.90. The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. Royal Mail PLC has a 1 year low of GBX 192 ($2.51) and a 1 year high of GBX 511.80 ($6.69). The stock has a market cap of $1.96 billion and a PE ratio of 11.21.
The business also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, July 25th will be paid a dividend of GBX 17 ($0.22) per share. 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 payout ratio is presently 1.43%.
A number of equities analysts have recently issued reports on RMG shares. Liberum Capital upgraded Royal Mail to a “hold” rating and lowered their price objective for the stock from GBX 240 ($3.14) to GBX 185 ($2.42) in a research report on Friday, May 24th. Berenberg Bank upgraded Royal Mail to a “hold” rating and lowered their price objective for the stock from GBX 250 ($3.27) to GBX 240 ($3.14) in a research report on Monday, April 1st. Credit Suisse Group lowered their target price on Royal Mail from GBX 238 ($3.11) to GBX 183 ($2.39) and set an “underperform” rating for the company in a report on Wednesday, May 29th. Goldman Sachs Group upgraded Royal Mail to a “buy” rating and lowered their target price for the stock from GBX 360 ($4.70) to GBX 320 ($4.18) in a report on Friday, May 24th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Royal Mail in a report on Wednesday, May 15th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average 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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