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Royal Mail (OTCMKTS:ROYMY – Get Rating) was downgraded by Peel Hunt from a “buy” rating to a “sell” rating in a report released on Tuesday, The Fly reports.
A number of other research analysts have also weighed in on ROYMY. JPMorgan Chase & Co. reduced their price objective on shares of Royal Mail from GBX 702 ($8.83) to GBX 632 ($7.95) in a research note on Monday. UBS Group reduced their price objective on shares of Royal Mail from GBX 540 ($6.80) to GBX 420 ($5.29) in a research note on Wednesday, April 20th. Berenberg Bank reduced their price target on shares of Royal Mail from GBX 650 ($8.18) to GBX 575 ($7.24) in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Royal Mail from GBX 275 ($3.46) to GBX 240 ($3.02) in a research report on Friday. Finally, Zacks Investment Research upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $375.60.
Royal Mail stock opened at $8.30 on Tuesday. Royal Mail has a 1-year low of $7.50 and a 1-year high of $17.05. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40. The firm has a 50 day simple moving average of $8.86 and a 200 day simple moving average of $11.14.
Royal Mail Company Profile (Get Rating)
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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