Royal Mail (OTCMKTS:ROYMY) Hits New 52-Week Low After Analyst Downgrade

Royal Mail plc (OTCMKTS:ROYMY – Get Rating) reached a new 52-week low during mid-day trading on Thursday after Barclays lowered their price target on the stock from GBX 400 to GBX 320. The company traded as low as $6.44 and last traded at $6.72, with a volume of 1316 shares trading hands. The stock had previously closed at $6.63.

A number of other analysts have also recently issued reports on the stock. Peel Hunt cut shares of Royal Mail from a “buy” rating to a “sell” rating in a research note on Tuesday, May 24th. Sanford C. Bernstein cut shares of Royal Mail from an “outperform” rating to a “market perform” rating in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Royal Mail from GBX 275 ($3.37) to GBX 240 ($2.94) in a research note on Friday, May 20th. JPMorgan Chase & Co. reduced their target price on shares of Royal Mail from GBX 702 ($8.61) to GBX 632 ($7.75) in a research note on Monday, May 23rd. Finally, Berenberg Bank reduced their price objective on shares of Royal Mail from GBX 650 ($7.97) to GBX 575 ($7.05) in a research note on Friday, May 20th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Royal Mail presently has a consensus rating of “Hold” and an average target price of $437.40.

The company’s 50 day moving average is $7.86 and its 200 day moving average is $10.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.10.

About Royal Mail (OTCMKTS:ROYMY)

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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