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Royal Mail (OTCMKTS:ROYMF) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Tuesday, June 4th, Briefing.com Automated Import reports.
A number of other research analysts have also recently issued reports on the stock. Berenberg Bank raised shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Morgan Stanley raised shares of Royal Mail from an “underweight” rating to an “equal” rating in a report on Thursday, February 14th. Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a report on Friday, February 8th. Societe Generale cut shares of Royal Mail to a “sell” rating in a report on Tuesday, February 5th. Finally, HSBC raised shares of Royal Mail from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Three equities research 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 company presently has a consensus rating of “Hold”.
ROYMF traded up $0.16 during trading on Tuesday, hitting $2.72. The stock had a trading volume of 10,600 shares, compared to its average volume of 26,312. The business’s 50 day simple moving average is $2.91. Royal Mail has a twelve month low of $2.47 and a twelve month 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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