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Sanford C. Bernstein lowered shares of Royal Mail (OTCMKTS:ROYMF) from an outperform rating to a market perform rating in a report issued on Friday, November 29th, Briefing.com Automated Import reports.
Other equities analysts have also issued research reports about the company. Liberum Capital lowered Royal Mail from a hold rating to a sell rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut Royal Mail from a neutral rating to an underweight rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of Hold.
Shares of Royal Mail stock opened at $2.63 on Friday. The stock’s 50 day simple moving average is $2.77 and its 200-day simple moving average is $2.72. Royal Mail has a 1-year low of $2.46 and a 1-year high of $4.13.
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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