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Royal Mail (OTCMKTS:ROYMY – Get Rating) had its target price lowered by Berenberg Bank from GBX 575 ($6.87) to GBX 480 ($5.74) in a research report issued to clients and investors on Friday, The Fly reports.
Several other research firms also recently weighed in on ROYMY. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Royal Mail from GBX 275 ($3.29) to GBX 240 ($2.87) in a research note on Friday, May 20th. JPMorgan Chase & Co. lowered their price objective on shares of Royal Mail from GBX 632 ($7.56) to GBX 360 ($4.30) in a research note on Thursday. Barclays lowered their price objective on shares of Royal Mail from GBX 400 ($4.78) to GBX 320 ($3.83) in a research note on Wednesday, June 29th. Peel Hunt downgraded shares of Royal Mail from a “buy” rating to a “sell” rating in a research note on Tuesday, May 24th. Finally, Citigroup lowered their price objective on shares of Royal Mail from GBX 710 ($8.49) to GBX 410 ($4.90) in a research note on Thursday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Mail currently has an average rating of “Hold” and an average target price of $371.67.
Royal Mail Price Performance
Royal Mail stock opened at $7.20 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.10 and a quick ratio of 1.09. The firm has a fifty day simple moving average of $7.23 and a two-hundred day simple moving average of $9.28. Royal Mail has a twelve month low of $6.06 and a twelve month high of $14.54.
Royal Mail Company Profile
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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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