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Royal Mail (OTCMKTS:ROYMF)‘s stock had its “hold” rating restated by HSBC in a report released on Friday, June 7th, TipRanks reports.
Several other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. upgraded Royal Mail from an “underweight” rating to a “neutral” rating in a research report on Tuesday, June 4th. Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a research report on Friday, February 8th. Morgan Stanley upgraded Royal Mail from an “underweight” rating to an “equal” rating in a research report on Thursday, February 14th. Finally, Berenberg Bank upgraded Royal Mail from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold”.
Shares of Royal Mail stock remained flat at $$2.55 during midday trading on Friday. The company had a trading volume of 500 shares, compared to its average volume of 28,096. The firm’s 50 day moving average price is $2.95. Royal Mail has a 1-year low of $2.47 and a 1-year high of $6.48.
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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