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Royal Mail (OTCMKTS:ROYMY – Get Rating) had its price target decreased by UBS Group from GBX 540 ($7.03) to GBX 420 ($5.46) in a research report report published on Wednesday morning, The Fly reports.
Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft downgraded Royal Mail from a buy rating to a sell rating in a research note on Tuesday, March 29th. JPMorgan Chase & Co. decreased their price target on Royal Mail from GBX 708 ($9.21) to GBX 702 ($9.13) in a research note on Thursday, March 17th. Credit Suisse Group downgraded Royal Mail from a neutral rating to an underperform rating in a research note on Thursday, March 3rd. Finally, Zacks Investment Research downgraded Royal Mail from a buy rating to a sell rating in a research note on Friday, March 25th. Three analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $365.50.
Shares of Royal Mail stock opened at $9.15 on Wednesday. The business has a 50-day moving average of $9.77 and a 200-day moving average of $11.64. Royal Mail has a 1-year low of $8.53 and a 1-year high of $17.05.
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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