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HSBC downgraded shares of ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) from a buy rating to a hold rating in a research report sent to investors on Friday, June 7th, The Fly reports.
Several other analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded ROYAL MAIL PLC/ADR from an underweight rating to a neutral rating in a report on Monday, June 3rd. Goldman Sachs Group upgraded ROYAL MAIL PLC/ADR from a neutral rating to a buy rating in a report on Thursday, May 23rd. Finally, Berenberg Bank upgraded ROYAL MAIL PLC/ADR from a sell rating to a hold rating in a report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold.
ROYMY traded up $0.02 on Friday, hitting $5.34. 18,073 shares of the company were exchanged, compared to its average volume of 39,670. ROYAL MAIL PLC/ADR has a 12 month low of $4.90 and a 12 month high of $13.36. The company has a market cap of $2.62 billion, a P/E ratio of 4.40 and a beta of 1.26. The company has a fifty day moving average price of $5.31.
About ROYAL MAIL PLC/ADR
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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