Zacks Investment Research Lowers Royal Mail (OTCMKTS:ROYMY) to Sell

Zacks Investment Research cut shares of Royal Mail (OTCMKTS:ROYMY) from a hold rating to a sell rating in a report issued on Thursday morning, Zacks.com reports.

According to Zacks, “Royal Mail plc is a provider of postal and delivery services. Its operating segment consists of UK Parcels, International and Letters, General Logistics Systems and Other. UKPIL segment collects and delivers parcels and letters predominantly. It provides collection and delivery services under the Royal Mail and Parcelforce Worldwide brands. GLS comprises European parcel business and is focused on the deferred parcels segment. Royal Mail plc is headquartered in London, the United Kingdom. “

ROYMY has been the topic of several other research reports. The Goldman Sachs Group reiterated a buy rating on shares of Royal Mail in a report on Wednesday, September 29th. They noted that the move was a valuation call. UBS Group upgraded Royal Mail from a neutral rating to a buy rating in a report on Monday, November 29th. Berenberg Bank upgraded Royal Mail from a hold rating to a buy rating in a report on Monday, December 13th. JPMorgan Chase & Co. dropped their target price on Royal Mail from GBX 777 ($10.60) to GBX 768 ($10.48) and set an overweight rating on the stock in a report on Friday, January 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Royal Mail from GBX 763 ($10.41) to GBX 680 ($9.28) in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Buy and an average target price of $370.37.

Shares of OTCMKTS:ROYMY opened at $12.83 on Thursday. The business’s 50 day simple moving average is $13.44 and its two-hundred day simple moving average is $13.33. Royal Mail has a 52-week low of $10.62 and a 52-week high of $17.05.

About Royal Mail

Royal Mail Plc engages in the provision of postal and delivery services. It operates through the following segments: Royal Mail and General Logistics Systems (GLS). The Royal Mail segment collects, sorts and delivers letters and parcels across the UK. The GLS segment operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe.

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