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Royal Mail (OTCMKTS:ROYMF)‘s stock had its “hold” rating reiterated by HSBC in a research note issued to investors on Friday, June 7th, TipRanks reports.
Several other research analysts have also issued reports on ROYMF. Morgan Stanley raised Royal Mail from an “underweight” rating to an “equal” rating in a research report on Thursday, February 14th. Berenberg Bank raised Royal Mail from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. raised Royal Mail from an “underweight” rating to a “neutral” rating in a research report on Tuesday, June 4th. Finally, Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research note on Friday, February 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Royal Mail currently has an average rating of “Hold”.
Shares of OTCMKTS ROYMF traded down $0.12 during mid-day trading on Friday, hitting $2.60. 16,735 shares of the stock traded hands, compared to its average volume of 25,940. Royal Mail has a twelve month low of $2.47 and a twelve month high of $6.32. The firm’s 50 day simple moving average is $2.87.
About Royal Mail
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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