Royal Mail (OTCMKTS:ROYMY) Downgraded to Neutral at UBS Group

Royal Mail (OTCMKTS:ROYMY – Get Rating) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, The Fly reports.

ROYMY has been the topic of several other reports. Deutsche Bank Aktiengesellschaft dropped their target price on Royal Mail from GBX 275 ($3.37) to GBX 240 ($2.94) in a research note on Friday, May 20th. Sanford C. Bernstein downgraded Royal Mail from an “outperform” rating to a “market perform” rating in a research note on Friday, May 27th. JPMorgan Chase & Co. dropped their target price on Royal Mail from GBX 702 ($8.60) to GBX 632 ($7.74) in a research note on Monday, May 23rd. Credit Suisse Group downgraded Royal Mail from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 3rd. Finally, Berenberg Bank dropped their price target on Royal Mail from GBX 650 ($7.96) to GBX 575 ($7.04) in a research note on Friday, May 20th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $466.75.

Shares of OTCMKTS:ROYMY opened at $7.13 on Wednesday. Royal Mail has a 12-month low of $6.52 and a 12-month high of $16.48. The business’s fifty day simple moving average is $8.09 and its 200-day simple moving average is $10.37. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37.

Royal Mail Company Profile (Get Rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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