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Shares Cross Below Two Hundred Day Moving Average of $0.00

26 Jul 2019, 17:30

Shares Cross Below Two Hundred Day Moving Average of $0.00
Posted by Don Gaston on Jul 26th, 2019

Royal Mail PLC (LON:RMG) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $0.00 and traded as low as $205.20. Royal Mail shares last traded at $209.80, with a volume of 3,942,304 shares traded.

A number of equities analysts have weighed in on RMG shares. JPMorgan Chase & Co. started coverage on INTL CONS AIRL/S in a research note on Tuesday, June 4th. They set an “overweight” rating on the stock. Liberum Capital boosted their price objective on Sigmaroc from GBX 59 ($0.77) to GBX 63 ($0.82) and gave the stock a “buy” rating in a research note on Thursday, July 18th. Jefferies Financial Group boosted their price objective on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price objective on shares of in a research note on Thursday, June 20th. Finally, Goldman Sachs Group lowered SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).

The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The firm has a market cap of $2.08 billion and a P/E ratio of 11.91. The business’s 50-day simple moving average is GBX 209.51.

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

In other Royal Mail news, insider Rico Back bought 51,702 shares of Royal Mail stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Insiders acquired 251,839 shares of company stock worth $51,718,658 in the last 90 days.

About Royal Mail (LON:RMG)

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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