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Sanford C. Bernstein cut shares of Royal Mail (OTCMKTS:ROYMF) from an outperform rating to a market perform rating in a report issued on Friday, November 29th, Briefing.com Automated Import reports.
Several other analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Royal Mail from a neutral rating to an underweight rating in a research report on Tuesday, October 29th. Liberum Capital downgraded shares of Royal Mail from a hold rating to a sell rating in a report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. Royal Mail has an average rating of Hold.
OTCMKTS ROYMF opened at $2.63 on Friday. Royal Mail has a 52 week low of $2.46 and a 52 week high of $4.13. The business has a 50 day moving average price of $2.77 and a 200-day moving average price of $2.71.
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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