Royal Mail PLC (OTCMKTS:ROYMF) Receives Average Rating of “Hold” from Brokerages

Shares of Royal Mail PLC (OTCMKTS:ROYMF) have been given an average recommendation of “Hold” by the twelve brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein upgraded shares of Royal Mail from a “market perform” rating to an “outperform” rating in a research note on Monday, June 17th. HSBC reiterated a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Berenberg Bank upgraded shares of easyJet to a “hold” rating in a research note on Monday, April 1st. JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They issued an “overweight” rating for the company. Finally, Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th.

Shares of ROYMF remained flat at $$2.69 during trading hours on Tuesday. The firm has a 50-day moving average price of $2.72. Royal Mail has a 52-week low of $2.47 and a 52-week high of $6.32.

Royal Mail 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.

See Also: What causes a recession?

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.