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Royal Mail (OTCMKTS:ROYMY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.
According to Zacks, “Royal Mail plc is a provider of postal and delivery services. Its operating segment consists of UK Parcels, International and Letters, General Logistics Systems and Other. UKPIL segment collects and delivers parcels and letters predominantly. It provides collection and delivery services under the Royal Mail and Parcelforce Worldwide brands. GLS comprises European parcel business and is focused on the deferred parcels segment. Royal Mail plc is headquartered in London, the United Kingdom. “
Several other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Royal Mail from GBX 763 ($10.04) to GBX 680 ($8.95) in a research report on Wednesday, January 19th. Berenberg Bank upgraded shares of Royal Mail from a “hold” rating to a “buy” rating in a report on Monday, December 13th. UBS Group cut their price objective on shares of Royal Mail from GBX 560 ($7.37) to GBX 540 ($7.11) in a report on Wednesday, January 26th. JPMorgan Chase & Co. cut their price objective on shares of Royal Mail from GBX 708 ($9.32) to GBX 702 ($9.24) in a report on Thursday, March 17th. Finally, Credit Suisse Group downgraded shares of Royal Mail from a “neutral” rating to an “underperform” rating in a report on Thursday, March 3rd. Two research analysts have rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $389.50.
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Shares of Royal Mail stock opened at $9.73 on Friday. The firm has a 50-day simple moving average of $11.05 and a two-hundred day simple moving average of $12.20. Royal Mail has a fifty-two week low of $8.86 and a fifty-two week high of $17.05.
About Royal Mail (Get Rating)
Royal Mail Plc engages in the provision of postal and delivery services. It operates through the following segments: Royal Mail and General Logistics Systems (GLS). The Royal Mail segment collects, sorts and delivers letters and parcels across the UK. The GLS segment operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe.
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