JPMorgan Chase & Co. reduces its stock rating on Royal Mail (OTCMKTS: ROYMY).

JPMorgan Chase & Co. equity analysts have shifted their recommendation for Royal Mail (OTCMKTS: ROYMY) from “overweight” to “neutral” in a research note that was distributed to investors on Friday. Other industry professionals who focus on stocks have also authored research papers about the company, which have been published. Berenberg Bank lowered its price objective on Royal Mail from GBX 575 ($6.95) to GBX 480 ($5.80) in a research note released on Friday, July 22nd. This fall in their price objective reflects a decrease in their price target. Sanford C. Bernstein moved Royal Mail from the “outperform” category to the “market perform” category in a report released to the public on Friday, May 27th. In a report distributed on May 24th, Peel Hunt announced that it had changed its rating for Royal Mail from “buy” to “sell.”

Deutsche Bank Aktiengesellschaft disclosed on Friday, May 20th, the findings of a study in which they stated that they had cut their target price for Royal Mail from GBX 275 ($3.32) to GBX 240 ($2.90).
In a study that was released on Thursday, July 21st, Citigroup said that they would be lowering their price objective for Royal Mail from GBX 710 ($8.58) to GBX 410 ($4.95). Equity research analysts came up with a total of six recommendations for the company: three recommendations to sell the company, three recommendations to keep the company, and two recommendations to buy the company. The current rating for Royal Mail is “Hold,” and the average price goal for the firm is $371.67, as indicated by the data found on Bloomberg.com. When the market began on Friday, the price of OTCMKTS ROYMY had already reached $5.72. Royal Mail’s lowest price in the past year was $5.62, while the company’s all-time high was $14.40. The company’s current ratio is 1.10, its quick ratio is 1.09, and its debt-to-equity ratio is 0.37. These are financial ratios.

The moving average for the stock over the past 200 days is $7.73, while the moving average for the past 50 days is $6.56. The distribution of all postal services is the responsibility of Royal Mail plc and the companies that fall under its umbrella. The company offers delivery services for parcels and mail under Royal Mail and Parcelforce Worldwide. The same company operates these brands. In addition, it provides services for the delivery, sorting, and collection of mailed and packaged items. In addition, the company has ground-based package delivery networks in each of the 40 countries that make up Europe. These networks are located in each of the country’s states.