Royal Mail plc (OTCMKTS:ROYMY) Given Average Rating of “Hold” by Brokerages

Shares of Royal Mail plc (OTCMKTS:ROYMY – Get Rating) have been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $466.75.

A number of research analysts have recently issued reports on the company. UBS Group lowered their price target on Royal Mail from GBX 540 ($6.83) to GBX 420 ($5.31) in a report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Royal Mail from GBX 275 ($3.48) to GBX 240 ($3.04) in a report on Friday, May 20th. Berenberg Bank reduced their price objective on Royal Mail from GBX 650 ($8.22) to GBX 575 ($7.27) in a research report on Friday, May 20th. Peel Hunt cut Royal Mail from a “buy” rating to a “sell” rating in a research report on Tuesday, May 24th. Finally, Credit Suisse Group cut Royal Mail from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 3rd.

Shares of OTCMKTS:ROYMY opened at $7.79 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. Royal Mail has a 1 year low of $7.10 and a 1 year high of $17.05. The stock’s fifty day moving average price is $8.53 and its 200-day moving average price is $10.91.

About Royal Mail (Get Rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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