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Royal Mail (OTCMKTS:ROYMF)‘s stock had its “hold” rating reiterated by research analysts at HSBC in a research report issued to clients and investors on Friday, June 7th, Briefing.com Automated Import reports.
Several other research firms have also issued reports on ROYMF. Morgan Stanley upgraded shares of Royal Mail from an “underweight” rating to an “equal” rating in a report on Thursday, February 14th. Deutsche Bank reiterated a “sell” rating on shares of Royal Mail in a report on Friday, February 8th. JPMorgan Chase & Co. raised shares of Royal Mail from an “underweight” rating to a “neutral” rating in a research report on Tuesday, June 4th. Finally, Berenberg Bank raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. 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 stock has a consensus rating of “Hold”.
ROYMF remained flat at $$2.55 on Friday. 500 shares of the company’s stock traded hands, compared to its average volume of 28,096. Royal Mail has a twelve month low of $2.47 and a twelve month high of $6.48. The firm has a 50-day moving average price of $2.93.
Royal Mail Company Profile
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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