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Royal Mail (OTCMKTS:ROYMF) was upgraded by research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, June 17th, Briefing.com Automated Import reports.
Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Royal Mail from an “underweight” rating to a “neutral” rating in a research report on Tuesday, June 4th. HSBC reissued a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Berenberg Bank raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold”.
Shares of ROYMF remained flat at $$2.55 during mid-day trading on Monday. The stock had a trading volume of 500 shares, compared to its average volume of 28,096. Royal Mail has a 52 week low of $2.47 and a 52 week 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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