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Royal Mail (OTCMKTS:ROYMF)‘s stock had its “hold” rating reaffirmed by analysts at HSBC in a research note issued to investors on Friday, June 7th, Briefing.com Automated Import reports.
A number of other brokerages have also commented on ROYMF. JPMorgan Chase & Co. upgraded shares of Royal Mail from an “underweight” rating to a “neutral” rating in a research note on Tuesday, June 4th. Berenberg Bank upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Deutsche Bank restated a “sell” rating on shares of Royal Mail in a research report on Friday, February 8th. Finally, Morgan Stanley upgraded shares of Royal Mail from an “underweight” rating to an “equal” rating in a research report on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.
Shares of ROYMF stock traded down $0.12 on Friday, reaching $2.60. The stock had a trading volume of 16,735 shares, compared to its average volume of 25,940. The stock’s 50-day moving average price is $2.86. Royal Mail has a 12 month low of $2.47 and a 12 month high of $6.32.
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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