Royal Mail (OTCMKTS:ROYMY) Lowered to “Market Perform” at Sanford C. Bernstein

Royal Mail (OTCMKTS:ROYMY – Get Rating) was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other research analysts have also recently commented on ROYMY. Zacks Investment Research cut shares of Royal Mail from a “hold” rating to a “strong sell” rating in a report on Friday. Berenberg Bank decreased their price target on Royal Mail from GBX 650 ($8.18) to GBX 575 ($7.24) in a research note on Friday, May 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Royal Mail from GBX 275 ($3.46) to GBX 240 ($3.02) in a research report on Friday, May 20th. Peel Hunt lowered shares of Royal Mail from a “buy” rating to a “sell” rating in a research note on Tuesday. Finally, Credit Suisse Group downgraded shares of Royal Mail from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 3rd. Four research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $375.60.

Shares of ROYMY opened at $8.63 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. Royal Mail has a twelve month low of $7.50 and a twelve month high of $17.05. The company has a 50 day moving average of $8.76 and a 200-day moving average of $11.07.

About Royal Mail (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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