Royal Mail (OTCMKTS:ROYMY) Sets New 12-Month Low on Analyst Downgrade

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

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price target on Royal Mail from GBX 275 ($3.37) to GBX 240 ($2.94) in a report on Friday, May 20th. JPMorgan Chase & Co. cut their price target on Royal Mail from GBX 702 ($8.61) to GBX 632 ($7.75) in a report on Monday, May 23rd. Credit Suisse Group cut Royal Mail from a “neutral” rating to an “underperform” rating in a report on Thursday, March 3rd. Peel Hunt cut Royal Mail from a “buy” rating to a “sell” rating in a report on Tuesday, May 24th. Finally, UBS Group cut Royal Mail from a “buy” rating to a “neutral” rating in a report on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $437.40.

The stock has a fifty day moving average of $7.81 and a two-hundred day moving average of $10.09. 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 (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.

Further Reading

Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.