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JPMorgan Chase & Co. lowered shares of Royal Mail (OTCMKTS:ROYMF) from a neutral rating to an underweight rating in a report released on Tuesday morning, Briefing.com Automated Import reports.
Separately, Liberum Capital cut shares of Royal Mail from a hold rating to a sell rating in a research note on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold.
Shares of ROYMF stock opened at $2.74 on Tuesday. Royal Mail has a 52-week low of $2.46 and a 52-week high of $6.32. The firm’s 50 day moving average price is $2.73 and its two-hundred day moving average price is $2.81.
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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