Home / Royal Mail / ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) Cut to “Hold” at HSBC

ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) Cut to “Hold” at HSBC

HSBC downgraded shares of ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) from a buy rating to a hold rating in a research note released on Friday, June 7th, The Fly reports.

Several other research analysts also recently commented on ROYMY. Goldman Sachs Group upgraded ROYAL MAIL PLC/ADR from a neutral rating to a buy rating in a report on Thursday, May 23rd. Berenberg Bank upgraded ROYAL MAIL PLC/ADR from a sell rating to a hold rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. upgraded ROYAL MAIL PLC/ADR from an underweight rating to a neutral rating in a report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold.

Shares of ROYMY traded down $0.02 during trading hours on Friday, hitting $5.22. The company had a trading volume of 46,265 shares, compared to its average volume of 45,964. The company has a market cap of $2.61 billion, a P/E ratio of 4.39 and a beta of 1.33. ROYAL MAIL PLC/ADR has a 52-week low of $4.90 and a 52-week high of $13.54.

About ROYAL MAIL PLC/ADR

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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