Home / Royal Mail / ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) Downgraded to Hold at HSBC

ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) Downgraded to Hold at HSBC

HSBC downgraded shares of ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) from a buy rating to a hold rating in a report published on Friday, June 7th, The Fly reports.

Other equities research analysts have also issued reports about the stock. Berenberg Bank upgraded shares of ROYAL MAIL PLC/ADR from a sell rating to a hold rating in a research note on Monday, April 1st. JPMorgan Chase & Co. upgraded shares of ROYAL MAIL PLC/ADR from an underweight rating to a neutral rating in a research note on Monday, June 3rd. Finally, Goldman Sachs Group upgraded shares of ROYAL MAIL PLC/ADR from a neutral rating to a buy rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold.

Shares of ROYAL MAIL PLC/ADR stock traded down $0.14 during trading on Friday, hitting $5.22. 21,788 shares of the stock were exchanged, compared to its average volume of 32,693. The company has a market cap of $2.61 billion, a PE ratio of 4.39 and a beta of 1.33. The business’s 50-day simple moving average is $5.38. ROYAL MAIL PLC/ADR has a 12-month low of $4.90 and a 12-month high of $13.44.

ROYAL MAIL PLC/ADR Company Profile

Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.

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Analyst Recommendations for ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY)

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