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ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. The firm presently has a $5.50 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 19.31% from the stock’s previous close.
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. “
A number of other equities research analysts also recently weighed in on ROYMY. Sanford C. Bernstein downgraded ROYAL MAIL PLC/ADR from an “outperform” rating to a “market perform” rating in a research report on Friday, November 29th. Berenberg Bank downgraded ROYAL MAIL PLC/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. ROYAL MAIL PLC/ADR currently has a consensus rating of “Hold” and an average price target of $5.50.
ROYMY opened at $4.61 on Thursday. ROYAL MAIL PLC/ADR has a 12-month low of $4.49 and a 12-month high of $7.64. The business’s fifty day simple moving average is $5.63 and its 200-day simple moving average is $5.44. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 5.69 and a beta of 1.34.
About ROYAL MAIL PLC/ADR
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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