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Royal Mail plc (OTCMKTS:ROYMY – Get Rating) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 4,600 shares, an increase of 64.3% from the April 30th total of 2,800 shares. Based on an average daily volume of 9,400 shares, the days-to-cover ratio is presently 0.5 days.
Several equities research analysts have recently weighed in on ROYMY shares. Berenberg Bank lowered their target price on shares of Royal Mail from GBX 650 ($8.18) to GBX 575 ($7.24) in a report on Friday, May 20th. JPMorgan Chase & Co. lowered their target price on shares of Royal Mail from GBX 702 ($8.83) to GBX 632 ($7.95) in a report on Monday, May 23rd. Peel Hunt downgraded shares of Royal Mail from a “buy” rating to a “sell” rating in a research report on Tuesday. UBS Group reduced their price target on shares of Royal Mail from GBX 540 ($6.80) to GBX 420 ($5.29) in a research report on Wednesday, April 20th. Finally, Credit Suisse Group downgraded shares of Royal Mail from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 3rd. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Royal Mail presently has a consensus rating of “Hold” and a consensus price target of $375.60.
Shares of OTCMKTS:ROYMY traded down $0.39 during mid-day trading on Friday, reaching $8.24. The stock had a trading volume of 2,925 shares, compared to its average volume of 4,969. The firm has a 50 day simple moving average of $8.72 and a two-hundred day simple moving average of $11.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.29 and a current ratio of 1.30. Royal Mail has a twelve month low of $7.50 and a twelve month 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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