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Royal Mail (OTCMKTS:ROYMF)‘s stock had its “hold” rating reiterated by stock analysts at HSBC in a research note issued to investors on Friday, June 7th, TipRanks reports.
A number of other brokerages also recently commented on ROYMF. Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a research note on Friday, February 8th. Morgan Stanley raised shares of Royal Mail from an “underweight” rating to an “equal” rating in a research note on Thursday, February 14th. JPMorgan Chase & Co. raised shares of Royal Mail from an “underweight” rating to a “neutral” rating in a report on Tuesday, June 4th. Finally, Berenberg Bank raised shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Royal Mail presently has a consensus rating of “Hold”.
OTCMKTS:ROYMF traded up $0.16 during trading hours on Friday, reaching $2.72. 10,600 shares of the company were exchanged, compared to its average volume of 26,312. Royal Mail has a 52-week low of $2.47 and a 52-week high of $6.48. The company’s 50 day moving average is $2.90.
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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