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ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY)’s share price traded down 0.6% on Monday . The company traded as low as $5.28 and last traded at $5.30, 10,705 shares traded hands during mid-day trading. A decline of 62% from the average session volume of 28,009 shares. The stock had previously closed at $5.33.
A number of analysts have commented on ROYMY shares. Goldman Sachs Group upgraded shares of ROYAL MAIL PLC/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 23rd. HSBC cut shares of ROYAL MAIL PLC/ADR from a “buy” rating to a “hold” rating in a research note on Friday, June 7th. Berenberg Bank upgraded shares of ROYAL MAIL PLC/ADR from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Sanford C. Bernstein upgraded shares of ROYAL MAIL PLC/ADR from a “market perform” rating to an “outperform” rating in a research note on Monday, June 17th. Finally, JPMorgan Chase & Co. upgraded shares of ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold”.
The stock has a market cap of $2.63 billion, a PE ratio of 4.36 and a beta of 1.26. The business’s 50 day simple moving average is $5.20.
About ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY)
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.
Further Reading: What is Cost of Goods Sold (COGS)?
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